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Dec 23, 2019
1:22
:36
pm
TXJason
Contributor
your policy is correct....
only give them the money if you can afford to never get it back and thats okay with you.
And it sounds like doing that wont fix anything long term.
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TXJason
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Caliban
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TXJason
Joined
Jun 25, 2010
Last login
Nov 23, 2024
Total posts
1,030 (63 FO)
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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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