Welcome to Discussion Bucks

Earn Cash While You Engage!

Join the ultimate paid-to-post forum where your opinions earn you real cash! 🌟 💵 Earn While You Post: Share your thoughts and watch your earnings grow. 🌐 Global Community: Connect with members worldwide. 🎁 Exclusive Perks: Enjoy rewards and VIP perks. Get Started in Minutes!

SignUp Now!

What Are Your Considerations for Lending to Siblings?

Joined
Oct 1, 2023
Messages
6,812
Reaction score
703
Trophy Points
53
D Bucks
💵9.324125
Referral Credit
0
Many people say that money doesn't recognize siblings. Money also often makes people forget everything and family relationships. Several articles I've found mention sibling relationships being damaged by unfair inheritance distribution, family relationships being broken up by debt, etc. However, many people prioritize brotherhood over money.

To avoid disaster when lending money to siblings, relatives, or friends, we must carefully choose who should receive the loan and who shouldn't. There are several considerations when lending to siblings:
1. You lend according to the sibling's needs, especially for emergencies.
2. You only lend an amount you're willing to lose, and you consider this gift to be charity, so you don't need to collect the sibling's debt.
3. You treat the sibling like anyone else, requiring an agreement on when to repay.
4. For various reasons, you refuse to lend.

Which consideration would you choose? Number one, two, three, four, or perhaps you have your own? Please share your opinion.
 
I don't always lend money to siblings. I give them money. If I have to lend money to a sibling, it is likely an emergency and I would take time to make them understand why I need that money back. I would involve my parents in that too.
 
Back
Top Bottom