Overheard my brother-in-law lecturing his kid about the 'family loan' thing...

I was at my sister's place last Sunday and heard her husband tell my 16-year-old nephew that borrowing $20 from grandma wasn't a big deal because 'it's just family money.' It got me thinking about how we teach kids about loans within the family. My own dad loaned my uncle $3,000 back in 2018 for a car repair and never saw a dime of it again. Our Thanksgiving dinners have been awkward ever since. Do you all set clear rules about lending to relatives, or do you just let it slide and hope for the best?

2 comments

2 Comments

blairm355d ago

Right, so did your dad ever say anything to his brother directly about the $3,000?

fisher.reese5d ago

My dad finally brought it up at a family BBQ last summer. He said something like "Hey, remember that $3,000 from a few years back?" and left it hanging there. His brother just shrugged and said he'd get around to it, but nothing ever came of it, so your mileage may vary on direct confrontation.