Comments on: Handling Friends Who Borrow Money

By: Fitz

Fitz — Fri, 22 Jan 2010 03:51:48 +0000

Hi alyntoi, thanks for sharing your story. If you want to follow my blog, you can just enter your email address in the textbox at the sidebar under the Welcome section and click “Subscribe”.

By: alyntoi

alyntoi — Thu, 21 Jan 2010 02:45:32 +0000

hi Fitz, been stalking your blog for quite sometime now. I like the topics that you tackled coz i can really relate to it. Some situations even happened to me like this one. A close friend borrowed money from me (its actually my savings) and did not pay. That was 3 yrs. ago and til now its not yet paid. So, that experience taught me a lesson and that’s not to lend money to friends coz if a friend doesn’t pay up it will screw up the friendship. Right now, I focused on becoming financially stable and i really appreciate the tips and knowledge that you impart on your site.

Thanks. by the way how will i follow your blog?

By: newyuppie

newyuppie — Tue, 15 Dec 2009 16:28:08 +0000

Very, very well written! Thank you so much. I am so relieved to have read this after not lending money to a friend. I felt so bad, I didn’t want to hurt his feelings at all, but I also wasn’t comfortable lending money especially because I am also just starting out. My advice to other young people: don’t beat yourself up over it. It’s not a matter of thinking of the best excuse so that your friend will understand your saying no. Stick to your decision, and in the end, your friend will be grateful that you valued your friendship more than money.

By: newbie fan

newbie fan — Wed, 16 Sep 2009 18:11:05 +0000

i wish i had read this earlier before i had an urge to lend my friend some money. the money i lent him wasn’t an amount i was comfortable letting go of. i just hope that he gives me back the money in a month as promised.

By: make money

make money — Wed, 22 Apr 2009 06:35:04 +0000

thanks !! very helpful post!

By: jelly

jelly — Tue, 07 Apr 2009 08:54:03 +0000

hi fits i enjoy reading your blogs and it helps me a lot…..

By: Dillion

Dillion — Mon, 06 Apr 2009 16:15:09 +0000

This advice is really going to help, thanks.

By: Digital Manila

Digital Manila — Mon, 16 Mar 2009 19:27:45 +0000

yeah, its really hard sometimes when friends borrow money. =(

By: jaypee

jaypee — Fri, 24 Oct 2008 01:29:10 +0000

hi fitz, great advice… still reading thru your old posts.

I’ve had this experience many times and have always found it hard to say no during the first few times it happened. My spouse has it worse, even casual acquaintances would borrow from her.

Just to share, one way we overcame this was to seriously take stock of our own personal financial management.

Locking down cash into investments and just leaving enough for our own personal 3-month emergency fund made it easier to turn down borrowers unless they really need it.

By: How To Make Friends Pay Back The Money They Owe You

How To Make Friends Pay Back The Money They Owe You — Mon, 13 Oct 2008 22:19:47 +0000

[...] does make a good point, doesn’t it? I remember a few months back, I wrote an article here on what to do when friends are trying to borrow money from you. Do you remember that [...]