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Lending money to family and friends

Weekly Money Round-Up

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There is a particular kind of awkwardness that comes with lending money to a friend or family member. You give them the money because they need it, agree on when they'll return it, and then the deadline passes. Suddenly, asking for your own money back feels like an uncomfortable conversation you don't even know how to start. Someone shared a story online that captured this perfectly. They had lent a friend some money, and when the agreed repayment date came, they reached out to ask for it back. The response was: “What do you need it for?”

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Read more about the article Weekly Money Round-Up
Psychology professor Catherine Sanderson once put it simply: “We always think if we just had a little bit more money, we'd be happier, but when we get there, we're not.”

Weekly Money Round-Up

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You earn what many would call a “decent” salary. You budget carefully. Yet the thought of buying a car, moving into your own home, or even replacing your old fridge feels completely out of reach.

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