Family loans: financial support between generations
With the rising cost of living squeezing budgets, many are finding it harder than ever to make ends meet.
Sometimes, turning to family and friends for help can feel like the only option. But lending money can be tricky. How do you balance financial support with protecting your relationships?
On this episode, Money's Michelle Baltazar chats with the founder of Chipkie, Michelle Lomas, about the best way to lend money to family and friends.
They discuss:
- The financial pressure created by a rising cost of living, especially when it comes to buying a home
- the complex emotions of borrowing from family & friends
- Tips for lending money with confidence, ensuring repayment, and keeping your relationships strong
#friendswithmoney #tmichellebaltazar #michellelomas #lending
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