First thing, don’t expect you will get your money back when you lend your money to your friends. What April Dykman, staff writer of GetRichSlowly, wrote is hundred percent right. I have seen a lot of my friends are never getting their money back, or at least pay a third of the full amount – after you pursuing them like a madman.
For all my life, I never lend any money to a friend, I rather say, “No, I have no money” right now than see our relationship crumble and collapse in future.
Furthermore, the money problem will never get solved even after give loan to your friends.
“Unfortunately, my friend continued to have money problems, and eventually she was evicted. Her boyfriend was fired from the job after a few weeks. While I feel for her, that’s the extent of how much I can help her — at least financially. I don’t regret our decision to help out, and though the money is gone, our friendship has remained intact, which was my primary concern when she asked for help.”