This can bring people closer together when times get hard.
Reddit userAmIGreedy12found herself at risk of losing the $37K that she loaned her now-late mother.
If the person has the extra money, they can consider sharing it.
It can also put them in an even more vulnerable position if the borrower fails to pay back.
As individuals, we are not in the business of lending money.
We dont know how to do it because there are a lot of feelings involved, she says.
Thats why it should be left up to financial institutions.
If Im giving money, Im assuming its a gift.
Its not going to get paid back.
So from my end, I know its money Im willing to lose, says financial educator Berna Anat.
In cases when thats not possible, there are other ways to help a struggling loved one out.
Providing support shows that youre willing to be there for them, which will be greatly appreciated.
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