When does frugal = personal bank?

**bridge** · 08-27-2007, 05:14 PM

Ok, I need to rant a little....

I have worked my tail off to pay off all my debt, and work on saving money. I have done really good, If I say so myself!

However, it now seems that my friends and co-workers, now think I am the Great National Branch of Lending. I had a co-worker ask me to loan them $600 till payday

This really tees me off, because these people do nothing to get theirselves out of their financial disasters. Yet they can tease me for being a "tightwad".

Has anyone else had this happen??
I didn't work so hard to just stand on the corner handing out $100's...............

**Its_Donna** · 08-27-2007, 05:21 PM

Yep..I get asked all the time and my answer is always the same...No.

And then I tell them that I would only be hurting them by lending them money...I get a glazed over look and I have to explain AGAIN that I would be an enabler to their bad spending habits. And then I tell them No again.

**DAAC3DEC** · 08-27-2007, 05:25 PM

I am from Indiana too, Mishawaka........loaning money to friends and co-workers makes for bad feelings, I have always been against it.......It is nice to be able to help out, but if it is a habit, like you are a pay-day loan or something, forget it......so hard, you tell them no, they get mad, you loan it and they are slow to pay you back, then you feel mad....

**changed4life** · 08-27-2007, 05:32 PM

BIG FAT NO!!
I loaned out money several times expecting it back and it ruined friendships. I had someone tell me they needed the money for a test because the doctor suspected cancer and her husband leaked out that there was never a test!

I told her exactly how I felt and disconnected from her immeditely.

Now, if there is someone I know who really is in dire straights and I know they are not frivilous, I will give them the money; I put a limit on it though. When you don't expect it back and give out of concern or simply to help you won't have bad feelings. I consider it part of my charitable giving for the year.

**babymakes5** · 08-27-2007, 05:44 PM

MIL and SIL call a couple of times a month to hit us up on money...whenever they run out because they gambled it away or spent it on drugs...UM...they always get a...BIG FAT NO!

**Ani** · 08-27-2007, 05:45 PM

Oh I so know how you feel. I used to lend money, but not anymore! Now the only time I "lend" money is if I can just afford to give it to them, and then I give it as a gift, never to be paid back.

One of my best friends still owes me about $900, and it's REALLY hard not to let it affect the relationship. I keep thinking to myself that I should just tell her not to ever worry about paying it back...but it's $900! That would be a nice little chunk to squirrel away.

You're smart not to lend it!

**bridge** · 08-27-2007, 05:56 PM

I am glad to know I am not the only member of the "NO" club!!

**claimsgirl66** · 08-27-2007, 06:24 PM

My answer is No. As I told a co-worker the other day, my rule is I only give money to people I give birth too...(my one DD)

..and even then....I try to refrain from much of that lately!!!!

**Dancing Lotus** · 08-27-2007, 06:54 PM

I dont think any one should even ask a co-worker for money. NO even a dollar much less 600. NO WAY!

**frugalfarmwife** · 08-27-2007, 07:00 PM

The answer around our farm is also "JUST SAY NO"!!!

The ONLY borrowing done in my family IS with a written contract and yes, with interest paid. This keeps it above board and honestly people DESERVE to earn on their money, and it gets paid back quicker.

Now with hubbies family NO NO NO, A THOUSAND TIMES NO! We'd be better to give it away than to lend it, money just flies through their fingers (which shows in 2 bankruptcies and probably about to be a third.)

kj

**DixieJ** · 08-27-2007, 07:39 PM

I got suckered into lending a co-worker money once. It wasn't a lot of money, and she did pay me back. The only thing the irked me was she borrowed the money one day--the next day she came to work with freshly put on acrylic nails. To me that didn't consitute an money emergency.

Dixie Jean

**wulong32** · 08-27-2007, 08:15 PM

my boyfriend has been in chicago for the last month working on a project. the guy working with him has been telling db all his money troubles( he owes the irs 20g, hes two payments behind on truck etc) while still talking about putting rims on his truck (which bank has tried to repo) and other frivolous nonsense. so two days ago he calls db, and asks if he can borrow money till next payday, because he HAD to spend over $100 on flowers for his wife (their anniversary). he swore up and down he had the money to pay him back, he just couldnt get to it. my bf flatout said no to him, to which he responded by saying "fine ill never ask you for anything again" and hung up. now my bf is pissed and feels awkward cuz he still has to work with the guy. he cant believe the guy is 27 years his senior and still doesnt have his s**t together.

**ladykemma2** · 08-27-2007, 08:40 PM

Originally Posted by DixieJ

I got suckered into lending a co-worker money once. It wasn't a lot of money, and she did pay me back. The only thing the irked me was she borrowed the money one day--the next day she came to work with freshly put on acrylic nails. To me that didn't consitute an money emergency.

Dixie Jean

my disreputable sister did this! loaned her money and she went for a pedicure!

**Grayce** · 08-27-2007, 09:05 PM

My DH lent his DB $2000 in 1991. We have never seen a dime of the money. At the time we weren't married so he didn't ask me about it (despite the fact I was pregnant and we were planning our wedding). That money would have come in handy with the new baby.
Now I tell him "Just say NO". Nothing good comes from lending friends, family or co-workers money.

**tervsforme** · 08-27-2007, 09:54 PM

Originally Posted by DAAC3DEC

I am from Indiana too, Mishawaka....

I was born in Mishawaka! I live in Michigan now, by Ann Arbor! I'm still a Hoosier at heart!

I don't lend money either. I've seen too many hurt relationships when it's not paid back.