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5 Top reasons why not to lend money to your friends and family

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In Marriage or in relationship at times it is very bad to lend money to family and friends because of many reasons. such reasons can be diff...

In Marriage or in relationship at times it is very bad to lend money to family and friends because of many reasons. such reasons can be different from one individual to another.

Although some times when friends and family members ask you for money, it is expected of you to give them as a good Samaritan which can at times land you into trouble mostly if you lend the money without the permission of you spouse.

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If you ever think that lending money to you friend can lead you to trouble here are top 5 reasons why you telling them no will be the best answer.

1. Requesting back for the money can be very difficult.

Let  assume you lend money to your family bestie and you need it back for something believe you that it will be very difficult to approach such an individual with the mind set of requesting for the money back because you will not want to offend the person.

2. The person might request for more.

Yes the person might come back to you for more money most especially if you gave it to him or her without any sign of not having it at that moment.

READ ALSO: 3 vital things every couple must do to secure their financial future

3. After lending the money family meets begin to deteriorate

Family meeting can get deteriorated most especially if you are in a meeting with your borrower, You cannot boldly request for it most especially if your borrower happens to be your senior.

 4. Chances of getting the money back becomes narrow

Getting your money back becomes very difficult and if at all you can get it back you might not get it at the desired time when you desired to use it to solve an important challenge.

READ ALSO: Nnamdi Kanu is a public distraction that needs to be ignored -Lai Muhammad

5. You could lose your money and relationship

Yes lending your money to family and friend can break your relationship because any attempt to recover it can offend your borrower thereby causing a strain on your relationship.

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Newsrock Reporters: 5 Top reasons why not to lend money to your friends and family
5 Top reasons why not to lend money to your friends and family
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Newsrock Reporters
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