Rules to follow when lending/borrowing money to family members - Deepstash
Rules to follow when lending/borrowing money to family members

Rules to follow when lending/borrowing money to family members

  • The first rule to follow when lending money to a family member: Assume they will never pay you back—and be OK with that.
  • And here's the first rule to follow when borrowing money from family: Pay them back.

Money always seems to get uncomfortably personal; there's a power shift in the relationship: The lender becomes more powerful—you see yourself as more responsible. That puts the borrower in a one-down position, which can breed resentment.

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holdenioo

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