Member Since: May 8, 2010
Answers: 10
Last Update: May 8, 2010
Visitors: 1416
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How do i set limits on lending someone money? My ex-boyfriend and best friend is a great guy (wonderful) but he borrows money frequently. He will borrow money weekly if he thinks I have any cash.
He borrows large and small amounts; he simply asks for whatever amount he thinks (or discovers) I have and that he needs. I often forget all the 10 20 30 dollar loans so sometimes he pays money back and sometimes he does not. He currently owes me over a thousand.
He got really angry when I once asked him to sign a repayment agreement, so thats not an option. He expresses frustration if I try to give him a check rather than cash. I always try to avoid talking about money with him, but if i do or if he knows I have purchased any item for more than twenty bucks, he will comment that I must be doing okay financially and can he borrow money?
I did borrow money from him once about five years ago when I was unemployed and ill; he said it was a gift, but I decided we could take it off what he owed me from a year earlier. (this infuriated him- he wanted it to be a gift.)
I want to maintain our friendship because i enjoy his companionship. However, last week i lent him another five hundred and he wanted even more... it is too stressful. I told him I dont want to loan him anymore money. Today he called for another hundred.
I am a single mom with three college age kids. My 17 year old is still at home, and I spend more on my friend than i do on my daughter... this borrowing has got to stop. how can i set limits?? (link)
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tell him how you feel. he should appriciate you for being honest.
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Rating: 2
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i told him i dont want to loan him money anymore and that it is too stressful. he called for more money the next day. I have actually told him repeatedly over the years... he always asks for more. I guess i need to stick to my own policy.
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