yu should give money to yur friendonlyif yu feel he is in really need and help shud be in keeping the mind it will be not returnable if yu get returned it wil be bonus
.... yes thats right! If your friend does not return money he was not a person worth your friendship anyway! So you really did not loose a friend you only lost moeny, you see! And the extent of loss is what you paid to get the reality check.
Beside, a good friend will really not ask in the first place. And by-the-way, what kind of friend would you be if you did not know about his dire financial situation! In such a case you yourself will have to offer to help, obviously not expecting him to return. Essentially the extent of such an offer will be limited to the amount you can efford to simply give out.
Now what happens if the person who gives you the bad experience happens to be your own brother, for example! Well you can not write him off completely but good thing is that he will not come back to you again for any loan. So the cost of lifetime of peace is only to the extent of first-time loan.
Moral of the stroy - keep the amount lmited to the extent of what you can efford to loose. You will not be loser in the end, I bet.
I have had a very bad phase in my life wherein i had to borrow money from a very dear friend of mine.
Inspite of my sincere intentions i failed to pay him back on time. I had some very genuine reasons which my friend knew but the repeated delays did caused some strains in our friendship.
Today i am a relieved man as i paid him back his money but my strong advise to all those who go through monetary problems in life NEVER EVER BORROW FROM FRIENDS it is less painful to face embarassment at the hands of a money lender then to see a friendship break due to money.
Based on my experiance ,I strongly believe that "Lend the money and loose a friend ".I am of the opinion if one thinks of helping his friend then , it can be done to the extent one can forget the amount given ! Thus forget the lended amount and retain a friend !!!!
well these situations are very tricky indeed.the first thing is ur image in front of ur friends.if they view u as a spendthrift or easy lender then they would approach u all the time.my advice to all is to build up such an image of themselves that ppl view u as a tough person in money matters, tell them u care about ur money and show that in what u do.secondly even if u have to lend the money then clear the terms beforehand and if necessary make the person give it in writing about the loan he/she has taken from u. always remember one thing-- those who are true friends with no bad intentions wld never object at these measures being taken by u.one more thing try to hand over the loan in the presence of a third person or friend.money is the main thing which spoils the friendship so make sure all the money matters are crystal clear.listen to what the brain says not the heart. all the best.
First of all its was a great topic u threw light on ! Before lending the money,it all depends on the kind of friendship u have ! U know the guy for years,u know his habbits,his sincerity and his character.U have to take an decision on these factors too.If i have two very good friends then i may lend money to one but not the other because there is always an money side of a person which u should know before lending !
Once, my childhood friend asked for 1 lakh rupees for his home loan. It was a big amount, but I could have atleast given a part sum, if not full. I didnt. Today, he is still my friend. Both my money and friendship are safe in my hands.
I don't think lending money blindly is a part of friendship ethics in this scenario. I would have discussed with him possibility of returning it back with a promise..well could have been in writing as well.. As he requests me for money as a friend, & i lend it; i also can request for a signed blank cheque (no interest) & he should give it. - well may be for petty payments, its ok. But for amount in thousands, my middle-class mind is not aggreeing to it. What if you cannot lend genuinely, would he take it in right spirit. If I have money to spare, it doesn't mean, anyone can spend it for no genuine reason. The point here is, better to imbibe a professional & realistic approach for such big amounts along with clear sense of responsibility on either part.
Please note its better to spoil a relationship than the person itself. In this case, you spoiled both. Again, please have a long term view of the situation before taking a step.
