Problem of borrowing money in friendship
New Delhi: Many times it happens in a friendship relationship when friends ask for a loan of a little money. Due to hesitation we are unable to refuse them. But the real problem arises when the time comes to return the money. Often people either make excuses for forgetting or procrastinate. In such a situation, worrying about one’s own money has become a common thing. If your money is also stuck with friends, then by adopting some simple and practical measures you can get your money back without spoiling the relationship.
Keep written records of transactions
Most people lend money verbally, which the other person quickly forgets. Therefore, whenever you give money to someone, use online transactions. After transferring the money send the screenshot through a message and mention to return it as per convenience. This written record serves as a solid evidence for those who often pretend to forget.
Schedule a return date in advance
Whenever a friend asks for a loan, before giving the money clearly ask when he will return the amount. Don’t set long dates for small amounts and be wary of vague answers like ‘I’ll give it soon’. If a person promises to return the money when the next salary comes, he can be trusted. Due to the fixed time limit, there is pressure on the person to return the money.
give a polite reminder
Don’t hesitate in asking for money back, because it is your hard-earned money. When the due date passes, send a polite message the next day to remind your friend that it’s time to return the money. A reminder sent in a correct and polite tone neither weakens your friendship nor is it considered bad.
Learn from those who repeatedly break promises
If your friend is not returning your money even after reminding you two to three times, consider it an important lesson. The foundation of any relationship is trust, and breaking of trust in financial transactions is a big sign. Be cautious of such people and do not make the mistake of lending money to them again in future, no matter how big the need may be.
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