Should I lend money to a friend? The quiz
Money choices carry fear, guilt and hope too. Let's slow down and look at the facts. Your answers stay on your device; nobody else sees them.
"Risk comes from not knowing what you're doing."
Warren BuffettIf it doesn't make sense to you, it isn't for you. Never rush a money decision because of fear of missing out: rushing is the weakness of fools.
The golden rule
Only lend money you could afford to give away. Money between friends often does not come back on time, or at all, and the lender usually loses more than cash: they lose the ease of the friendship. If you can't afford to lose it, you can't afford to lend it.
How to say no without losing the friend
Keep it short and about you, not them: "I have a rule not to lend money, but I really want to help." Then offer something concrete: help with a budget, a job lead, a lift, a meal. Don't invent excuses; they invite negotiation.
Questions people ask
Should I lend money to family?
The same rules apply, with higher stakes: only lend what you could give away, write the terms down, and never borrow yourself to lend to someone else.
How do I ask a friend to pay back money?
Privately, calmly and specifically: "Can we agree a date for the money I lent you? Even small amounts each month are fine." Offer a plan rather than an accusation.
More money choices
TheHardChoices gives general life guidance, not professional advice. It is not a substitute for medical, mental health, legal or financial help. If you are in crisis or feel unsafe, contact local emergency services or a crisis line now. Full disclaimer