CheeseburgerBrown t1_iyf5q3w wrote on November 30, 2022 at 10:53 PM

There is a somewhat broader classic LPT that may reduce one’s exposure here: Don’t lend money to friends. Give them gifts, or don’t.

varadins t1_iyf73oe wrote on November 30, 2022 at 11:03 PM

LPT Do not loan money you wish to see again.

aray0220 t1_iyf79qf wrote on November 30, 2022 at 11:04 PM

...and that you can't afford not to get back.

redditsux4me t1_iyf8dg7 wrote on November 30, 2022 at 11:12 PM

LPT: Friendships and loans do not survive. If you have it to give, give it as a gift and do not ask for repayment. Otherwise, resentment will build.

lilvexie t1_iyf9nzl wrote on November 30, 2022 at 11:21 PM

My rule is...don't loan money you can't afford to not get back. If I have money and someone needs it, I will give it with no expectation that I will get paid back. If I do, then im pleasantly surprised, if I dont, then I consider it a gift so I dont ruin relationships with family or friends

keepthetips t1_iyf42px wrote on November 30, 2022 at 10:41 PM

Hello and welcome to r/LifeProTips!

Please help us decide if this post is a good fit for the subreddit by up or downvoting this comment.

If you think that this is great advice to improve your life, please upvote. If you think this doesn't help you in any way, please downvote. If you don't care, leave it for the others to decide.

LPT: If your friend owes you money and is paying in "installments", don't expect to recieve the final installment.

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