Thinking of lending money to a friend or family member? Read this first. - NBCNewsBETTER
A request to help a family member or close friend who’s in a bind can really tug at your heartstrings and make you do something you wouldn’t normally do.“It can ruin relationships,” said Bruce McClary, vice president of the. “People often lend money on good faith and they don’t put things in writing. They don’t sit down and talk about the arrangement and what’s expected. Failing to set expectations and write it down always leads to regret.
“That just shows you how powerful the emotional element is and how it can make otherwise rational people do some crazy things with their money,” McClary said. “I’ve seen a lot of bad decisions that aren’t backed up by careful consideration.” Personal finance advisors contacted by NBC News BETTER have this advice: If you’re don’t feel comfortable lending that person money, don’t do it. If you agree to do it, consider it to be a gift that won’t be repaid. So, don’t lend more than you can afford to lose.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Must Read: Phoebe Waller-Bridge Covers 'Vogue''s December Issue, CNBC Investigates The RealRealPlus, Lady Gaga covers 'Elle' and is interviewed by Oprah.
Leer más »
10 best books to read this NovemberThis month, fearless women are ruling the shelves and our hearts…
Leer más »
Graham on ‘B.S.’ impeachment inquiry: Testimony won’t change his mind, because he won’t read itTwo weeks ago, the chairman of the Senate Judiciary Committee said he would consider evidence of a quid pro quo in the impeachment inquiry beyond President Trump’s controversial phone call with Ukraine. Now he is refusing to consider the mounting evidence against the president.
Leer más »
Must Read: Christopher John Rogers Wins The CFDA/Vogue Fashion Fund, Is Streetwear Becoming Monotonous?Plus, Prada signs first fashion sustainability-linked loan.
Leer más »