Family members are important, friends are equally important. You can do everything to please them but lending money to them should be the last thing to do.
It’s not anyone’s wish to be broke and when we are faced with the challenge, we turn to people who understand us to rescue us out.The last people to borrow money from are friends and family members and here are reasons;
- Slim chances of returning the money
Since there is close relationship between you and the people you are lending the money to, chances of returning the money is slim. It happens that when you seek to have the money back, they try hide and sick game and eventually remind you that if you push hard, the relationship might be over.
- You fear breaking the relationship
If you press hard, the relationship might be broken .If for instance it’s your father who asked for money, there are chances he won’t return and when you try to force him return the money, he will remind you of how he’s taken care of you until you can afford a living.
- You can’t take legal action
Some friends and family members are so close that taking a legal action will not even be the last resort but something you can’t do. You better quit asking for the money than take a legal action and destroy your relationship.
- They know your secrets
Friends and family members are the only people who know most of your secrets. If it happens that you become enemies, they will expose you and eventually you become a laughing stock.
- They take the money as a gift and not a debt
Most of the family members may assume the money you lent them is just a gift. When you try to ask for it, they’ll even wonder how that can happen.