EssentialsApril 2, 20264 min read

Why Lending Money to Friends is Risky

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Gollak Team

Family Finance Experts

Money and friendships can be a tricky mix!

Why It's Risky

  • They might not pay back
  • It can create awkwardness
  • You may need that money
  • It changes the relationship

Better Options

  • Gift what you can afford to lose
  • Help them earn money instead
  • Say no politely if uncomfortable
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