💰 Dos and Don'ts When Lending Money to Loved Ones (AARP Article)

[Spring2025]

FROM THE ARTICLE: 5 Dos and Don'ts When Lending Money to Loved Ones.

Helping friends or family shouldn’t mean hurting your finances.

By Aly J. Yale, AARP.

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Published February 06, 2025.

Let’s face it: Money is tight for many people. And if you have loved ones in your life who are struggling financially, you may feel inclined to help them.

If you do, proceed with caution. ​​According to a 2022 CreditCards.com survey, 42 percent of people who lent money did not get repaid, and about half of Baby Boomers and Gen Xers said they got burned in such transactions.

USE LINK BELOW TO READ THE ARTICLE: https://www.aarp.org/money/personal-finance/lending-money-to-loved-ones/