Go to Top

Blog Archives

Tag Archives: Lending Money

When to Say No: A Parent’s Guide
to Giving Adult Children Money

By Barb Miller When I work with clients who give money to their adult children I am always curious why. Since preparing a comprehensive budget is part of the counseling process, the topic often comes up. The adult child may still be living at home, or recently returned to the parents’ household. Or, parents may be giving money to an adult child that lives on his/her own. Often what I …Read More

Tips on Lending Money to Family and Friends

Money is an emotionally charged issue that has torn apart many a relationship. The NFCC offers the following suggestions when deciding whether to lend or not to lend to a loved one: Just like in Vegas, don’t risk more than you can afford to lose. Loaning money to friends or family is a gamble, so never make a loan if it’s going to put your own financial situation on the …Read More

To Lend Or Not To Lend

Shakespeare was apparently on to something when he wrote that lending money to friends often resulted in the loss of both the friend and the money. Money is an emotionally charged issue that has torn apart many a relationship. “Blood may be thicker than water, but money can be the great divider, even in a family,” said Gail Cunningham, spokesperson for the NFCC. “One NFCC Member Agency reported a situation …Read More

Poll Shows No Improvement In Consumer’s Ability to Afford Mortgage Loan Down-Payment

Many say that housing led America into the economic downturn, thus housing will need to lead the way out. If true, the NFCC May online poll provides little hope. Compared to the identical questions posed in May 2010, the 2011 results show very little movement between the years, with each poll revealing that close to half of the respondents would never be able to save enough money for a down-payment …Read More

Tips on Lending Money to Family and Friends, Part 2

Following up on the posting earlier today, we wanted to offer still more tips on avoiding trouble when lending money to friends and/or family. Don’t be an enabler. If the borrower is engaged in a destructive lifestyle, and is habitually in financial hot water, be emotionally supportive but not financially supportive.  A better use of your money would be to pay for professional counseling to get to the root of the problem, since …Read More

Lending Money to Family and Friends, Part 1

Money is an emotionally charged issue that has torn apart many a relationship. To that end, there are some things to keep in mind when deciding whether to lend or not to lend to a friend or loved one: Just like in Vegas, don’t risk more than you can afford to lose. Loaning money to friends or family is a gamble, so never make a loan if it’s going to …Read More