LENDING MONEY TO RELATIVES ON A WHIM
A Lending Tree study found that people who loan money to relatives are repaid an average of 57 percent of what they gave.
If a relative — particularly a grown child — comes to you for financial help, you’d be well-advised to discuss it thoroughly with your partner. A perceived giveaway to a relative your partner would not have agreed to loan money to is a perfect recipe for resentment, mistrust and anger.