Don’t get too personal: a look at borrowing money from friends and family
This post was written by Stephanie Cuellar Butler, Contributing Writer on October 23, 2009 Posted Under: Debt be gone, Psychology of Finance | Comments
Make no mistake: Borrowing from friends and family is tricky business.
At first glance it seems like the perfect situation: They love you. They’re more likely to sympathize with your need than a bank; and you’ll definitely pay the money back.
But imagine a trip to the mailbox. You mindlessly open the door and pull out a [...]
