DEBT034 Lending money to friends or family – should you do it? (492 words)

This article tackles the question of lending money to loved ones. It covers a weighty topic in an easy manner while providing practical suggestions and possible alternative solutions.

What would you do if a family member asked to borrow money – besides the less painful option of beating yourself over the head with a fence paling? You want to help, but you’re right to be wary.

It’s a difficult subject that despite everyone’s best intentions, often ends in tears.

You’ve worked hard, saved for retirement, paid off your home and raised your kids. You’re sitting on a nice little nest egg and expect life to be cushy. Here it comes: