Dear Annie: My friend keeps borrowing money from me

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A reader is seeking advice on how to deal with a friend who does not pay back the money she borrows.

I’ve recently reconnected with my old high school friend, “Amy,” after losing touch for nearly a decade.

We’ve started hanging out regularly, and it’s been wonderful catching up. But I’ve noticed that Amy often borrows money and never pays it back. She always has an excuse, like her paycheck being delayed or an unexpected expense popping up. I want to help her, but it’s starting to strain my own finances.

I’m torn because I don’t want to lose this rekindled friendship, but I also don’t want to feel taken advantage of.It’s wonderful that you’ve reconnected with your old friend, but it’s important to set boundaries.First, have an honest conversation with Amy. Let her know that while you value her friendship, you simply can’t afford to keep lending her money without being repaid.This shows you’re still there for her without compromising your own financial stability.

 

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