
Relatives often ask to borrow some money, and we often give it to them.
They may call it a loan, and say they will pay it back.
But do you really expect them to pay you back?
I learned a long time ago that when I loan money to a relative, it's really not a loan, it's a gift.
What about you?
When you loan money to a relative, do you really expect to be paid back?
Please vote in the poll and tell us your story.
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Opinion
6Opinion
Yes its called a loan not a gift. Though I would give more latitude on repayment.
I have gifted money to relatives when things got bad.
I already know what relatives not to lend money to.
IF I loaned money to a relative, I would not expect tp ever have the loan repaid. There is only one relative who I would consider for a loan - my younger brother - but he and his wife are financially secure.
Clarification is very important.
To me, it's a LOAN, especially if they actually asked for financial help and actually said they'd pay back what they borrowed.
When I offer anything without being asked, that's my gift to that person or group.
nope. my grandpa used to say, never lend more than you're willing to lose forever. saves a lot of headaches
No never. If I give money to anyone I never expect to get it back, and if I do, it's a nice surprise. But if someone asks for something, I treat it as a gift, and that's that.
might as well call it a gift, I know I will never see it again.
I would never loan a giant amount of money to anyone, period. $100 max for anyone. Do I expect it to be paid back? No I don’t give away money I can’t afford to have back. Which is why I never give anyone more than I have in cash on hand.
"If you want lose a friend, lend the person money" It's a saying in my country.
I don't want lose relatives that's why I gift something them or just don't give them anything.
If you can't afford to buy something today what makes you think you can pay back tomorrow?
I'll only lend if I'm certain they can pay back
Nope cause the never pay back so I dont give what I can't afford to lose
I've never loaned money to a relative, and don't imagine I ever will.
Neither a lender or a borrower be!
Nope
Maybe
I don't loan money to anyone.