I don’t like to lend money.

It’s not that I’m cheap … though I do enjoy bargains. It’s because lending money to someone else is a huge step for me as it involves trust. It’s unfortunate, but people breach trust. If I can’t trust someone with my money, I can’t trust them, period.

Someone who’s owed me money kept telling me that he had no money to repay me, and that my money would be returned “soon.” He’s been telling me “soon” for over 2 months now, which gets me thinking: if you didn’t have the resources to reimburse me, why did you ask for money from me in the first place?

It takes a great responsibility to borrow money from people. I believe that how you deal with money is a reflection upon your character. Fiscal responsibility should be practiced, and if you can’t handle it or don’t want to burden yourself with a test of character, don’t borrow money.

I personally don’t borrow money from friends since I don’t want the added responsibility. If you can’t afford it now, chances are that you can’t afford it later.

I guess this whole money lending discussion can also be extended to credit cards. I have a nice card with good rewards, but even then it’s a hefty 15% interest if you don’t pay all the money back on time. I never pay the minimum payment since it’s just asking to lose money. It’s attractive though: free money! Then the reality sets in as you find yourself in debt all the time. Once again, don’t spend what you don’t have and won’t have.

So, what happened to the guy who owed money? He was forced to promise to repay all money to the exact penny by Friday, 25 Nov 05. Surprisingly, he returned it Saturday, and continues to owe me the sum of $0.06.

Good thing he’s not my friend, or he’ll be up for a lecture.

This ClashBang.com article was written by Chris Chu. Tired of privately venting his frustration in vain, Chris decided to share his discontent with the rest of the world.

This entry was posted on Sunday, November 27th, 2005 at 12:56 am and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.