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Would You Let A Co-worker/Friend Borrow Your Money ?
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36 / M / SoFlo
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Posted 12/13/16
Absolutely a big NO

When it comes to money people bare their fangs and get nasty, it doesn't matter how well you think you know them. I learned the hard way. Fortunately it wasn't a big loan.

If you loan expect to never see that money come back.
Posted 12/13/16
I'll lend to family in an emergency... friends, not so much.
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M / Gladstone, Queens...
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Posted 12/13/16
"If you loan expect to never see that money come back."

Absolutely true. I also learned this the hard way.
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Posted 12/13/16
Nope. If I have it to sacrifice I'll help if you are someone I deem worthy for it. I won't expect it back but if they choose to pay it back or at least some of it back then even better.
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Posted 12/13/16 , edited 12/13/16

HateKillingCamels wrote:

I don't lend money, I just give it to you if I like you enough.

And if I can afford to obviously.


i don't know if the law is still the same but..you can donate to a qualified not for profit organization for tax credits

i think $200 for single and $400 for married..

tax credits-- which is a lot nicer than tax deductibles..
Posted 12/13/16

HateKillingCamels wrote:

I don't lend money, I just give it to you if I like you enough.

And if I can afford to obviously.


Yeah same.
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29 / M / New York
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Posted 12/13/16 , edited 12/13/16
A dollar? Sure, I'll just give it you. But to lend a hundred or a thousand? Fuck no. I'd rather give money if I know the person well enough and I won't expect it back but someone I would deem worthy of my help would probably be the type of person to return the cash later on. A co-worker though, never.
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19 / F / Everywhere
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Posted 12/13/16
I barely let me borrow my money
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M / Australia
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Posted 12/14/16 , edited 12/14/16
I lent one friend $2000 and i got it all back. He is a good friend, had a job and has always worked, we were hanging out regulary , didn't live too far away from me , etc So i knew it was all good.
However..i have done some really stupid shit in my life.... like once i signed as a guarantor for a friend. All the cunt had to do was appear in court on a certain date but he forgot and didn't appear and i got a $2000 fine....me and another guy both did..
It was dumb of me cos i hadn't know him all that long and he was pretty much homeless but i thought it would be cool. I decided to stop being his friend.
I think i ended up getting like $150 back several years later (he briefly worked with me randomly).
And the stupidest most idiotic thing i ever did in my life was transfer $5000, yes $5000..... into someones account to help get them out of shit.
The whole thing was dodgey as fuck and there were so many reasons for me to not have done this. The most obvious being that it's too large an amount of money and it was a decent percentage of what i had..
The people i helped out were long time friends, it involved one of my best friends but also his girlfriend and his mum. Without making the story too long, it was actually done behind my mates back, like the girlfriend fucked up and her and my mates mum asked me and begged me and assured me they would pay it back together in weekly installments. I did it for my mate but he didn't even know about it.
It was dumb of me because none of them were working, they were all hard to contact, i didn't see my mate often and he lived really far away and i couldn't remember address, etc
Things turned bad very quickly. I was very lucky to get $3350 back but it took time and i now dont associate with them anymore..(me and mate have seen each since and we talked about it and i was told i'd get the rest but nope)

Appart from that, i have lent some friends money in the hundreds a couple of times but good friends and ones i was hanging with all the time.
I mean i was always too trusting and too nice and i did live at home until i was 26 and i really was raking in the cash for a time there so i could afford to be nice.....but i am not so trusting or nice or give a fuck about others so much anymore.
One of my childhood friends was always borrowing $ off me. Gambler and drug addict. He would borrow, always pay it back but then borrow again. But i put a stop to it some time ago. I couldn't afford to anymore anyways even if i wanted to.

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23 / M / Texas
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Posted 12/14/16
Only if there was an emergency, and they would have to be a good friend.
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Posted 12/14/16
No. It's a terrible idea to lend money. But I have given a few thousand away before, I never mention it and I never expect to see that money again. That was also a terrible idea in hindsight. It's not like either of us would care for the money, but it's not a good thing for the relationship.

The best life advice is what Shakespeare wrote in Hamlet:

See thou character. Give thy thoughts no tongue,
Nor any unproportioned thought his act.
Be thou familiar, but by no means vulgar.
Those friends thou hast, and their adoption tried,
Grapple them to thy soul with hoops of steel;
But do not dull thy palm with entertainment
Of each new-hatch’d, unfledged comrade. Beware
Of entrance to a quarrel, but being in,
Bear’t that the opposed may beware of thee.
Give every man thy ear, but few thy voice;
Take each man’s censure, but reserve thy judgment.
Costly thy habit as thy purse can buy,
But not express’d in fancy; rich, not gaudy;
For the apparel oft proclaims the man,
And they in France of the best rank and station
Are of a most select and generous chief in that.
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine ownself be true,
And it must follow, as the night the day,
Thou canst not then be false to any man.
Farewell: my blessing season this in thee!

The irony is that as good as this advice sounds, following it will no doubt turn you into a slimey old snake like Polonius, because in reality good people are the ones with deep flaws and kind hearts who aren't afraid to show their thoughts.
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22 / F
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Posted 12/14/16
Because in my experience of planning events for friends and organizing the money, I'd be extremely hesitant to give anyone money on a handshake. A lot of my family members have been ruined by handshake deals, I'm much prefer to just write up a document. I try my best to be altruistic but that doesn't mean I'm stupid. I'm more willing to do things that don't require handing them money, like letting them crash at my place and eat with me.
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28 / F / SC
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Posted 12/14/16
no
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27 / M / Leanbox, Gameindu...
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Posted 12/14/16
I've done that before, it didn't end well, don't do it!
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34 / M
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Posted 12/14/16 , edited 12/14/16
I only lend in small amounts, and let whomever know I charge interest if they don't pay back in X amount of time. Helps cut down on the begging since I will hound their ass when they're late.
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