Am I obligated to lend money to friends and family?

The question of whether or not to lend money to friends and family can be a difficult one. On the one hand, it can be seen as a way to show support and care for loved ones. However, on the other hand, there is always the risk that the loan will not be repaid, which can damage relationships. Ultimately, the decision of whether or not to lend money to friends and family should be made on a case-by-case basis. If you are confident that the borrower will be able to repay the loan, then lending money can be a generous act. However, if there is any doubt about the ability to repay, it may be best to refrain from lending money in order to avoid potential conflict.

author avatar
Michael Solomich

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