My Sister Wants To Borrow $5,000!

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[kimberlyf.]

One of the best pieces of advice my Dad ever gave me was never give any money you expect to get back.

[maryanneviola]

My dad always used to say "I don't borrow money, I don't lend money and I don't co-sign."

[d.taylor]

My brother wanted to borrow $5k from me so I asked for his wife's diamond engagement ring as collateral. I'd put it in my safe deposit box and they'd get it back when the last payment was made. Never heard back from him regarding borrowing any money after that.

[PhilipMarcYT]

I let my sister borrow 5k and she never paid back.

Money and family don't mix.

[sharons]

My sister “borrowed “ a lot of money from our mother, and now I am helping to support my mother

[kschrop]

If you're a high earner, never brag to your family about what you make or will be making....

[richricogranada]

If the couple has 500K they should never tell anyone that-EVER!

[happiness]

I just finished paying off my sister. I appreciate the loan, and she was cool loaning it to me, but I never want to be there again. It didn't feel good to be there.

[ajossi]

I grew up poor and when I turned 18 I joined the military and have lived my entire adult life debt free. My family has not stopped begging for money my entire adult life. I rarely talk to them or visit because of it.

[NovatusRSGaming]

I borrowed money from my mother to help with closing costs on my first home. Was about $4000. I paid the agreed $150 every month, on time. Yet she still holds the loan over my head and tells my other family members about how she “had” to loan me $4k when I didn’t even ask for it….. money and family definitely do not mix.

[David-scir]

I remember something Ann Landers said in a column years ago and I've stuck by it. Never loan money, if you can afford it
then give it as a gift and if you receive it back then you accept it as a gift. Good advice!

[kristinaadams]

I had to borrow from my brother in an emergency. I have paid back 63% in about 10 weeks. I never want to do this again so I started listening to Dave Ramsey stuff and reading his books in hopes to change how I manage my money.

[kwd]

Just don't lend money, unless you don't expect to ever get it back.

[dreesaad]

I just tell people I'm broke. I had to cut ties because my sibling said I'm the reason he can't pay his bills because I didn't co-sign a $20k loan 🙄

[georgewagner]

Just say no. My aunt and uncle tried to borrow 5k from my widowed mother because she already sold and was in assisted living. They had a 900k house but no money management skills. We put a stop to it.

[nancygamez]

You don't owe your sister anything because you are financially able.

[Lil-Whiskies]

Someone saying no to you can be freeing. The finality of that answer forces you to step up and take control of your life.

[juliah]

My parents always say if the bank won’t lend them the money neither should you. If you do be prepared to lose the money and damage the relationship

[Mr_Fairdale]

When my family used to ask me for money I started to refer them to my “financial advisor.” They don’t ask me for money anymore. I don’t hear from them much either lol

[Columbus]

Been there, done that, lessons learned. We've followed Dave's advice for years now, if we can't afford to give you the money, we don't have it. No loans!