Categories: Personal Finance

20 Worst Money Mistakes People Make in the Name of Love

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.

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