Ive nearly always avoided this except for one relative who has always paid me back, as promised. In fact Ive usually let him off with the last payment.
The advice given is that you should never loan money you cant afford to lose as if can be difficult getting it back from those close to you. Many find it awkward asking or reminding about the money.
Many years ago I lent my sister some money and she only repaid half, after constant pestering and reminding on my part. It caused a lot of tension with other relatives saying I was being mean as I earned a lot more than her.
Eventually I told her that she did not have to give me the remaining sum, as I would treat it as the gift I would have given her for her next christmas and birthday gifts. So when People asked me what I had bought for my sibling I told them I had given her ££. I think that brought the point home very nicely.
She never asked for money again.
Things you find stressful that other people don't notice.
Water Pollution -“ A National Disgrace”? A case for renationalisation?