When loaning money to a friend or family member,it is advisable to lend only the amount that you can afford to give away.

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Lending money to friends or family can strain relationships and unexpected circumstances can result in the inability to pay back the loan. It is important to be prepared for the possibility that the money may not be repaid and only lend what you can afford to lose without causing financial hardship for yourself.

When Loaning Money to a Friend or Family Member,it Is