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Dec 23, 2019
3:52
:31
pm
CougarThug
All-American
If you loan or gift any money, pay their debt directly.
Don't give money directly to people with a history of mismanaging it. Pay the landlord and get the receipt yourself. Don't give them the money and assume they will make the payment.
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CougarThug
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Les IsMore
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CougarThug
Joined
Sep 21, 2015
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Sep 30, 2021
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Messages
Author
Time
What is your policy on lending family members money? I’ve loaned family members
Nuke
12/23/19 1:20pm
If you can afford it, I might go ahead and "loan" the money.
ReyOso
12/23/19 1:22pm
your policy is correct....
TXJason
12/23/19 1:22pm
A few questions:
a priori
12/23/19 1:22pm
Never lend. Have given before.
Zedhead
12/23/19 1:24pm
Yea I would/have done.. but the concept of so many stay at home moms
cougfanz
12/23/19 1:51pm
Yeah I agree, all the kids are out of the house there is no reason my mother in
Nuke
12/23/19 2:50pm
I've always heard that you should never loan family $. Just give it.
Ragnar Danneskjold
12/23/19 1:24pm
But what if you don't want to give it?
Superkid
12/23/19 1:24pm
Then don't. I think if you would loan it, just give it. If you wouldn't let an it, don't give.
Ragnar Danneskjold
12/23/19 1:25pm
Yeah. I probably wouldn't.
Superkid
12/23/19 1:25pm
If family asked if they could borrow $, I think my reply would be "I was about to ask you the same thing!"
Ragnar Danneskjold
12/23/19 1:27pm
Then don't give it.
Eddie
12/23/19 1:25pm
Good to know.
Alister Mackenzie
12/23/19 1:27pm
RE: Good to know.
Ragnar Danneskjold
12/23/19 2:40pm
I think the poster is correct where you need to view it as a gift
D.T. Survivor
12/23/19 1:34pm
That's a tough question.
Eddie
12/23/19 1:24pm
I have only loaned family when they are doing well financially. Otherwise it is a gift.
Baron
12/23/19 1:25pm
Is this something the church can help them out with? Or would that lead down a
RealSimsShadY
12/23/19 1:28pm
The church wants family to go first right?
JollyGreenGiant
12/23/19 1:32pm
It would lead them to having to maybe help clean the church building
BigTex
12/23/19 1:32pm
That sounds like it would be good for them.
BrobaFett
12/23/19 1:36pm
Family should always be the first source of help before
1CougFan
12/23/19 1:32pm
I disagree. If they've paid tithing, the church is more able to help than anyone
BrobaFett
12/23/19 1:35pm
The church disagrees with you.
displacedute
12/23/19 1:45pm
Agreed. Elder Ballard in the video “Sacred Funds, Sacred Responsibilities”
DrTeeth
12/23/19 1:50pm
Yeah, well, I guess we will agree to disagree.
BrobaFett
12/23/19 1:56pm
The church disagrees with you, not me.
displacedute
12/23/19 2:08pm
From Handbook 2 Section 6.1.1
a priori
12/23/19 2:13pm
Agree. If true tithing payers than the church needs to be step up first imo
cougfanz
12/23/19 1:52pm
Have never seen "Personal rainy day fund" on the Church donation slips.
CougarThug
12/23/19 3:46pm
My biggest concern is what happens 30 days later?
BrobaFett
12/23/19 1:33pm
The church teaches to go to family before the church
D.T. Survivor
12/23/19 1:34pm
If they go to the kids and the kids pay, have they improved?
BrobaFett
12/23/19 1:37pm
Family isn’t always the best route for sure
D.T. Survivor
12/23/19 1:41pm
That's what I worry about. With their parents owing so much back rent
BrobaFett
12/23/19 1:45pm
I think it's important to note that the church handbook says...
Eddie
12/23/19 5:41pm
FIL isn’t a member, mom isn’t active. I don’t know that I would encourage them
Nuke
12/23/19 1:37pm
I don't know. It's a tough thing for sure.
BrobaFett
12/23/19 1:47pm
"sole purpose"?
panguitch
12/23/19 2:37pm
<< Deleted >>
BrobaFett
12/23/19 5:02pm
Really good question
D.T. Survivor
12/23/19 1:36pm
I did a loan of a reasonably large sum to my brother about 10 years ago.
Colorado
12/23/19 1:43pm
If you can afford it, give rent through January with heavy strings attached.
CocaColaRecovery
12/23/19 1:46pm
This is why the church encourages members to go to family first.
jvquarterback
12/23/19 3:12pm
I don’t like the effect of gifts but I don’t want to be their creditor. So here
DirtyWater
12/23/19 1:49pm
In the past.
BYihateU
12/23/19 1:54pm
You can give but 99% chance you would get a loan back in that situation.
mudpupper
12/23/19 2:02pm
I cosigned for my sister once. Yeah I lost out on some money. Didn't feel too
Idahofallsblue
12/23/19 2:04pm
Our philosophy for our kids is relevant here: "we help kids who help themselves"
BlooGeek
12/23/19 2:06pm
Never loan, but always give if I can.
BYUtka
12/23/19 2:20pm
I've never loaned any money - but I've helped a lot of family.
ClackamasCoug
12/23/19 2:44pm
I don't loan family money, but I do give it if they need it.
BYU Grounds
12/23/19 3:30pm
If you loan or gift any money, pay their debt directly.
CougarThug
12/23/19 3:52pm
If you can even marginally afford it, just pay there the rent for them. I don’t
Bullrider
12/23/19 7:52pm
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