economy. finance family family advice family conflict family counselling family relationships financial loan individual lending money to family and close friends loan loan conditions making financial repayments parental advice parental guidance people relationships resolving family conflict should i consider a loan? should i lend moeny to a family member? the dangers of lending money to a family member US citizens

Lending Money To Family and Close Friends

There is an inherently strong bond between members of a family, forged over time and through shared experiences of hardship and triumph. As a family unit evolves, individuals people grow into established roles, from those with a sense of responsibility to their younger siblings to others who assume the mantle of spoilt and protected children. Even as different characters within a family endure disagreements and periods of hostility, these relationships and the roles that individuals play in them continue to strengthen.

However, there are several factors that can influence the well being of a family relationship. Of these, money stands as the single most significant, and conflicts that incorporate finance can often become fiercely contested and hostile. Despite being a solely material entity that has a single purpose as a funding for lifestyle costs, the nature of money has evolved in contemporary society to prove a large contributory factor in disputes and relationship breakdowns. This fact is supported by the increasing number of law suits and civil claims that are cited as involving work colleagues or members of the same family.

Money as a Cause of Conflict and Social Issues

The virtues or otherwise of money have been debated for centuries. To some, money a significant factor in achieving happiness, and enabling individuals and families to live in comfort and security. To others, it is of negligible value, and something which causes personalities to change and the most genuine of friendships to break down. As a way to support this argument, many will argue that it is money and the search for wealth that prompts the vast majority of crime and criminal activity.

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