How to Avoid Money Disputes Between Friends?

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It is believed that the quickest way of terminating a friendship is to lend each other money. So, Money issues will always be an issue even for the closest people in the world. Have you ever wondered what would happen if you lend your best friend some money and you now having problems to get it back? You could possibly get fed up and try to forget about the money but it could change a lot in your friendship.

When A Friend Asks for A Loan, Give Them as A Gift

If a friend approaches you and they are in need of money, you need to ask yourself 2 things. Are you ready to break up with them in case they do not bring back the money or are you willing to give them the money without expecting anything in return? Just be a good friend and give them some money. At least we are still on the notion that you can help a friend in need.  One thing to note is that gifts work well in relationships rather than loans. Or if you feel it is ok to lend your friend some money, then lend them an amount that you are always ready to lose. Not that people are always ready to lose some money but any amount that won’t be that hard to let go of. Take a lesson from UK online slots sites, who are always willing to give their players a gift every now and again.

Minimize Mixing Money and Friendships

As we have already said that money matters have always been an issue. Therefore, it is always best that you avoid mixing up the 2, just like top 5 online sports betting sites. Try by all means to have separate business partners and friends. This is as this is the best way to avoid any disputes about money with your friends. This may seem like it is hard to do, but is the best option. Or rather, you may have specific people that you loan out money to and go to when in need of money. This can be a totally different group from your friends.

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Founded in 1994 by the late Pamela Hulse Andrews, Cascade Business News (CBN) became Central Oregon’s premier business publication. CascadeBusNews.com • CBN@CascadeBusNews.com

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