Lending Money

[Christ4Ever]

My son, if you become surety for your friend, [If] you have shaken hands in pledge for a stranger, You are snared by the words of your mouth; You are taken by the words of your mouth. So do this, my son, and deliver yourself; For you have come into the hand of your friend: Go and humble yourself; Plead with your friend. Proverbs 6:1-3 NKJV

In a 2019 survey by Bankrate.com, 60 percent of respondents said they had lent cash to help out a friend or family member, 37 percent said they lost money on the deal, and 21 percent said the relationship with the borrower was harmed by the incident.

Lending money—whether to a loved one or a stranger—can be a trap waiting to spring. The bible says it is unwise to enter into loan agreements without due consideration. In most cases, it would be better to treat any transfer of cash as a gift rather than a loan. Don’t give more than you can afford to lose, and don’t plan on getting anything back in return. Look at the situation as a chance to show generosity.

Psalm 37:21 says, “The wicked borrow and do not repay, but the righteous give generously “If you’ve already loaned out money you can’t afford to lose, either make plans for your anticipated loss or don’t sleep—and don’t let your borrower sleep—until your loan has been repaid.

Prayer: Lord, help me be wise with my finances.

 

[MedicBravo]

I don't give money to strangers but in rare occasions.
I posted a link on here a few weeks ago about a young Christian woman who was hit by a car. She can't use one arm and can barely use the other. There is site where I and others donated money to help.
She's got Youtube channel and is on other sites.
I don't have spare money often and I use it to spend time with the few friends I have and trust.
Those few are ones who I know if I gave them money I would get it back.

 

[Christ4Ever]

I've found that in the giving of money, if I did so without the intent of ever receiving it back, I was much happier then when I had an expectation that I would receive it back.
For mostly I have become disappointed because of them going back on their word. So, at times I would tell them not to worry about giving it back, or in the case of family, after a while of not getting paid back, I gifted it to them. Not surprisingly I didn't even get a thank-you for doing it!!

I'd rather not carry the burden of wondering when I was going to get paid back, or if, etc. Even though these others were the ones to ask, I came to the point that it was better to either say no I'm sorry I can't give you money, or just make it a gift.

It's like the panhandlers, on the corners asking for money when you are stopped at a light. My wife never understood why I would give them a few dollars or give as the Spirit moved me to. I'd also give them a bit of the word, and quick one on Jesus in their lives that was priceless in comparison to what they could receive from man. When I carried Bibles, I'd also give them one to have. With a few dollars and a typed-out guidance of what Scriptures to read. Kind of like a Romans Road type of Scripture reading.

It's a joy to be able to help others, that's for sure!

With the Love of Christ Jesus.
YBIC
Nick
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