10 Reasons Why You Should NOT Lend Money to Friends & Family10 Reasons Why You Should NOT Lend Money to Friends & Family10 Reasons Why You Should NOT Lend Money to Friends & Family10 Reasons Why You Should NOT Lend Money to Friends & FamilyNever loan money to friends or family - - but when you can give money, do. My husband and I have a rule (now) that we don't loan money to family or friends. We are as generous as we can be when a loved one is in financial trouble, but we always make peace with the idea that we will never get that money … members in the AskReddit community. r/AskReddit is the place to ask and answer thought-provoking ;· KEY TIPS FOR LENDING MONEY ON REDDIT: NEVER send any money to new accounts. DO NOT lend money to users asking for $100+ if you aren’t familiar with their borrowing history. ALWAYS keep an eye on their personal Reddit page, and check out their karma, borrowing history, and past comments they give it to them. Never loan money to friends or family - - but when you can give money, do. LPT: Don't lend money to friends or family unless you're prepared to lose either your money or your friendship. About the same time I had one friend ask for a $3000 loan and I was foolish enough to give it to should never be in a state of constant lending. 7. You Enable Instead of Help Your Friend or Family Member. When you lend money to friends or family members, you give them an easy way out of their financial problems, instead of helping them work through their issues.

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