lending money to family

Family and Money Matters: Your Debt Challenge

Posted on 01/2/2013 by |Online Executive Producer | Comments

Home & Family | Money & SavingsThe saying goes: “A fool and his money are soon parted.” But even folks who pride themselves on being financially savvy sometimes have trouble saying ‘No’ to lending money to family and friends – even when they can’t afford to do so. See also: Tell us about your family loan gone bad. Money can ruin all kinds of relationships – from friends, to family members to marriages. When lending money goes bad, someone winds up paying the debt. And unfortunately, …