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  1. #1
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    Default Borrowing money from a friend..how soon should you repay?

    I had a friend borrow $50 from me on Monday. She told me she will repay me after three weeks.

    I'm currently on benefits but was able to spare the $50.
    She's on benefits too, but says she needs to go away for the weekend, in the next fortnight and her pay will go on that journey.

    I am just feeling a bit used.

    Is this a reasonable time to pay someone back?

    I was hesitant in lending her the money as she spends her last $$ on smokes and sometimes gambles on poker machines.
    Guess I lent it in good faith. Maybe I'm the fool. She said she needed money for petrol and food.

  2. #2
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    As the saying goes, don’t lend what you don’t want to give.

  3. The Following 3 Users Say Thank You to Twinkletoes Sparklebutt For This Useful Post:

    babyno1onboard (19-10-2019),Cherryblossomgirl (18-10-2019),JR03 (20-10-2019)

  4. #3
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    If I ‘lend’ money to family or friends I work on never seeing it again. Bonus if I get it back.

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    Cherryblossomgirl (18-10-2019)

  6. #4
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    Knowing what your friend is like. Smokes and gambling and wants a weekend away I would of said no in the first place

  7. #5
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    I agree with above, the only times I’ve lent money I’ve done so being totally happy if I never see it again.

    Did you have an agreement of when she would pay it back?

  8. #6
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    Give her the 3 weeks. She only borrowed on Monday and specified when she would repay you. I would ask in three weeks for the money back. If after 5 weeks she hadn’t repaid you and you had asked 3 times, I wouldn’t bother with her again

  9. #7
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    I think if she said 3 weeks and you agreed, I’d give her that time.

    It could be annoying her borrowing money from you just to find out after that, that she’s planned to go away for the weekend. But I guess it comes down to what your expectations are in terms of lending money - only for a necessity, or the reason doesn’t matter?

    I only lend money to an amount I can manage at the time, regardless of who it is and regardless of the reason (with minimal exceptions) and if I can’t afford to lose it, I don’t lend it.

    But I’m not sure you’ve lost it yet.

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  11. #8
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    Hasn't even been a week yet. But if you know what she is like and you are already feeling used, you probably should not of lent her the money in the first place.

  12. #9
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    Being that you both agreed to have it repaid in three weeks time I don't think you should be asking for it back any sooner. The purpose for which she is using the money - or indeed, any of her other money - is irrelevant if you've already made an agreement. If you're concerned that you won't be getting the money you loaned her back then perhaps you shouldn't have loaned it in the first place....

  13. #10
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    You lent a sum of money. Your friend has said when she will pay you back, which hasn't yet elapsed.
    You don't really get a say in how that money is spent, it's hers to do as she wants with it. Your concern is with being repaid. If you now have regrets about it, or feel you get to say what it's spent on, that's on you. Give your friend a chance to repay it before getting upset


 

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