Do you loan money to family? Ever? I sat thinking about that after reading an article on the New York Times about giving his grandmother money, a loan. He was undecided about it.
I'm firmly of the mindset and practice of I never loan family money. It's not a loan, it's a gift. However, I also usually do not give family money. I have and will pay a bill for a family member directly, but I won't just give them money to "pay some bills." No way. I want to see where the money is going, or else I'd end up like JW and his loan to his cousin. Turns out the cousin had said it was going to his family but it went to finance his new lifestyle.
Well that wouldn't happen to me. I've paid for my grandmother's phone, gas, bills, etc. And I've bought her gift cards for groceries. I've also paid a cousins bill when they needed money for personal reasons. But to give cash to someone, well it's just asking for trouble. Is it ever right to give a family member a loan? Or is it just a gift? Or money should never be exchanged between any family members?