Have you ever been stuck in a situation where you loan a friend some money and then they never pay you back? It’s always, “Oh, I’ll pay you back next paycheck” or “Don’t worry, I’ll pay next time.” Sound familiar? I have found myself stuck in this situation plenty of times. I was never one to want someone to miss out on a good time, so I would always offer to pay if I had the means to. While I was always doing (what I thought was) a good deed, I probably lost more money over the years than I’d like to admit. It’s hard being in these kinds of situations because they normally end up pretty awkward.
I recently found a quiz that explains these types of situations and what is recommended by experts to do. Money is never a fun topic to bring up, but it’s a topic everyone wants to bring up. Let’s face it, we are all curious how other people make money and spend it, but unfortunately it’s not always out place to ask. How do you normally handle these types of situations?