I don’t think it’s a horrible thing to lend money or borrow money from your parents, friends, or other family members, but I definitely think that it complicates things. There is a proverb in the Bible that says that, “The borrower is slave to the lender”. I truly believe that, because I definitely feel like a slave to the bank or credit card company that i owe money to, because they have some control over my life.

When a friend or family member lends you money, things change, whether you want them to or not. Every time you go on a vacation while still owing your parents money, you better believe they are taking note of that. Every time you go out with your friend that you money to and spend a bunch of money on entertainment, you better believe they are taking note of that. I would rather keep my friendships and family relationships purely personal and not interject business into them.

I don’t believe there is any reason for the relationship to become strained if you owe money to someone. Why be embarrassed? Or ashamed? What is it about money that makes it such a taboo subject?

I think the more open and honest we are about our finances the better. The more we talk money the more we learn about how to manage it. By borrowing/lending amongst the people we love we are keeping money in our hands rather than in the hands of multi-national corporations who don’t have our best interests at heart.