I never loan money with any real expectation of getting it back. That way, if I loan to family and friends, I put it through the same judgment filter of, "Would I be wise to give this person a monetary gift of this size?" It also means I'm pleasantly surprised if I actually get the money back.
1
My general rule
Submitted by Shay on February 25, 2008 - 06:33.
I never loan money with any real expectation of getting it back. That way, if I loan to family and friends, I put it through the same judgment filter of, "Would I be wise to give this person a monetary gift of this size?" It also means I'm pleasantly surprised if I actually get the money back.