(Closed) What's the highest $ you would lend to, or borrow from, a friend?

posted 6 years ago in Money
Post # 3
3092 posts
Sugar bee
  • Wedding: June 2013

I guess any amount is stressful for me.  I try to accept money given is a gift…if I get paid back it’s a bonus. 

Large amounts is a whole different thing tho…I don’t know that I could lend 20k…


This might be unrelated…my philosophy on life is ask for help when you need it and don’t feel guilty for it and when you have abundance share when you can…so that’s my approach for picking up tabs or asking someone to pay my way on something.

Post # 4
8041 posts
Bumble Beekeeper
  • Wedding: December 2013

@joya_aspera:  I’m with ya. I’d hate to be in either position.

Only lend money to a friend or your family if you can afford to not get it back.

I hope the unnamed person isn’t your FI!

Post # 5
9139 posts
Buzzing Beekeeper
  • Wedding: November 2013 - St. Augustine Beach, FL

Zero.  I did it on one occasion and it was stressfully awkward until I paid it back even though I paid it back in monthly payments exactly as we had agreed.  I never felt the same about our friendship after that.  So I have a zero tolerance policy for lending money to or borrowing money from friends.  Business is just not worth losing the friendship.

Post # 7
2638 posts
Sugar bee
  • Wedding: November 2006

Gosh. That’s really hard. It would depend on how close I am to the friend and how responsible I feel they are. My husband has a few really good guy friends who are awesome and have their lives together and if one needed to borrow money in an emergency or fell on hard times, I could see lending a couple thousand (under 10)? Probably not much more than that.

Then again, the people I would feel comfortable lending that kind of money to probably aren’t the people most likely to ask for need for financial help from a friend.

Post # 8
8446 posts
Bumble Beekeeper
  • Wedding: April 2013

I don’t ever lend money that I can’t afford to lose.  The only person I would ever lend a large sum of money to would be my mother because I know she will be paying me back (I’m her only child).  As for borrowing, I will just go without, even having a mortgage bugs me out sometimes. 

Post # 9
2634 posts
Sugar bee
  • Wedding: June 2013

@joya_aspera:  as much as you are willing to lose! I don’t lend more then I can lose in an extreme case

Post # 11
7173 posts
Busy Beekeeper

Depends on the friend.  For most, I’d say zero.  But, for one, I’d probably go as high as $5K.  I usually don’t have that kind of money laying around, so it’s usually a non-issue for me! 🙂

Post # 12
1856 posts
Buzzing bee
  • Wedding: March 2013

It would depend on the friend. I wouldn’t really feel comfortable borrowing more than $50 from a friend, and only in a case where I needed cash that minute and there wasn’t an ATM – and I would pay it back the next day. For my best friend, I would probably lend her several hundred, but I’d be lending with the expectation that I may never see it again.

Post # 13
8576 posts
Bumble Beekeeper
  • Wedding: October 2014

I don’t lend money, and I don’t ask for money to friend ever.

The only person I’ll loan money to is my Mother, and that’s because I’ve loaned her quite a bit and she’s always paid it back.

I’ve loaned money to 6 or 7 other people and never got a dime back. I loaned 2k to my brother and he swears to this day he paid me back, but he never did.

Post # 14
4272 posts
Honey bee
  • Wedding: April 2012

I do not “lend” money to friends because that can usually lead to drama. I just give if I can afford to help. If they pay me back, great.  

Post # 15
1846 posts
Buzzing bee
  • Wedding: June 2013

I wouldn’t loan money. We gave my FI’s brother our old car and paid his insurance for almost 2 years because he was in such a bad financial position, and then when it came time that we wanted him to get his own insurance and get the car out of our name (he had a job and an apartment and could afford it at this time), he gave us such a hard time and made it seem like we were putting him out. Never again. 

However, I “loan” my brother money all the time, like $10 here and $20 there, and sometimes I get it back and sometimes not, but I’m not concerned about that. Honestly I’d give him anything he needed if he asked, because he’s a good person and I love him (FI feels the same way), and because I know he would never take advantage.

I get loans from my mom sometimes and I always pay it back. The reason is because I refuse to have a credit card (I work for a credit card company, and they can be evil!) so sometimes an expense will come up that I can’t immediately afford, so I’ll borrow from my mom and pay her back by an agreed upon date. This has never been an issue, and I’ve never been late to pay her back. (haven’t really done this in many years tho). 

Post # 16
979 posts
Busy bee

$0  I work hard for my money.  I put anything extra into savings, into extra mortgage payments/car payments or for my kids.  My kids, my home and bills obviously come first before lending money out to people.


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