POLL: when lending or borrowing money from friends, do you count it in front of the person?

[Lifer]

lets say you borrowed $60 from a friend, or maybe he borrowed from u and is returning it.
lets assume they don't cound the money and just hand it to you.
do you count the money in front of him/her?
we're not talking about strangers now, we're talking friends that you know well.
i guess this becomes an issue of trust.

 

[TwinkleToes77]

I dont borrow money and I dont loan money to friends. People have a tendency to not pay ya back.

 

[amnesiac]

I never borrow money (credit cards excepted).

None of my friends ever ask or need to borrow money from me, either.

When payment becomes an issue, I usually just spot them for whatever it is they need (i.e., movie, food, etc..)

 

[DougK62]

Absolutely not.

I'd be offended if a good friend of mine counted money I owed him in front of me.

 

[alkemyst]

When I was younger I lent money sometimes...I never got screwed though...but I only let trusted friends borrow. My ex-wife was always writing checks to these people, I felt like a loan shark usually . We were all young and it was the case of them not being able to wait until their next paycheck for that pair of shoes on sale, or the TV, or concert tickets, etc.

I would count it later if I couldn't determine it from the hand off. It's not like we are talking a few thousand or ten thousand here though . Most of the time I could say ok 5 $20's, or 3 $10's whatever...a couple times a few hundreds. I suppose if someone brought me a 1" stack of $5's and $1's for a loan of $150 I'd count that, but probably more than likely say just get me it when you can get larger bills. The largest I lent was about $2500 and it was in a check both ways.

Å

 

[Electric Amish]

I've never lent, but I've borrowed....actually the way it works is we'll all go out to dinner on weekends and one guy will pay and he keeps a running total of what the rest owe him.

Whenever I pay him, I will count the money in-front of him before I hand it to him.

 

[kranky]

The key is for the person handing over the money to count it, because that offends no one.

 

[Queasy]

I don't borrow or lend money with friends just based off past experience.

One roommate during college lent a couple of hundred dollars to another roommate during a trip to the casinos in Mississippi. I ended up having to live in the same apartment with the two of them absolutely hating each other.

Also during college, a guy I knew came in to a whole lot of money when a relative died. He then proceeded to act like a bank and lent money to his friends, bought dinner for his friends, bought this and bought that until he was all out of money. When he went back to collect money from the people he lent the money to (including the same roommate who borrowed money from the other roommate) they all bilked him and he was left with still being broke.

I won't ask for or borrow more than what I need to buy a coke out of a vending machine with.

 

[v3rrv3]

If they don't, I do. Not trying to be rude but people make mistakes.

- Kevin

 

[alkemyst]

Originally posted by: Queasy
I don't borrow or lend money with friends just based off past experience.

One roommate during college lent a couple of hundred dollars to another roommate during a trip to the casinos in Mississippi. I ended up having to live in the same apartment with the two of them absolutely hating each other.

Also during college, a guy I knew came in to a whole lot of money when a relative died. He then proceeded to act like a bank and lent money to his friends, bought dinner for his friends, bought this and bought that until he was all out of money. When he went back to collect money from the people he lent the money to (including the same roommate who borrowed money from the other roommate) they all bilked him and he was left with still being broke.

I won't ask for or borrow more than what I need to buy a coke out of a vending machine with.

Those aren't friends.

 

[Queasy]

Originally posted by: alkemyst

Originally posted by: Queasy
I don't borrow or lend money with friends just based off past experience.

One roommate during college lent a couple of hundred dollars to another roommate during a trip to the casinos in Mississippi. I ended up having to live in the same apartment with the two of them absolutely hating each other.

Also during college, a guy I knew came in to a whole lot of money when a relative died. He then proceeded to act like a bank and lent money to his friends, bought dinner for his friends, bought this and bought that until he was all out of money. When he went back to collect money from the people he lent the money to (including the same roommate who borrowed money from the other roommate) they all bilked him and he was left with still being broke.

I won't ask for or borrow more than what I need to buy a coke out of a vending machine with.

Those aren't friends.

They weren't after that.

 

[isasir]

I lent my GF money, and when she paid me back, I counted it. I didn't think of it as a trust issue, just moreso a business mentality. However, she's also the only person I ever made the exception to in terms of lending money.

 

[nitsuj3580]

Originally posted by: v3rrv3
If they don't, I do. Not trying to be rude but people make mistakes.

- Kevin

yep, same here. Plus, any friend that I have that I would consider borrowing or lending money from isn't uptight to the point they'd get offended for something as stupid as counting money in front of them. If anything, they'd jokingly make fun of me for counting it or vice versa.

 

[kami333]

If it's someone you don't trust enough to give you the correct amount, what are you doing borrowing/lending money from them?

 

[MystikMango]

I loan money to close friends based on the assumption that I will never see a nickel back from them. This way I am not dissappointed.

If they do pay me back, then I file that away in my mental "Good to Loan to" file. Next time that person wants to borrow some cash, I won't hesitate loaning any amount that I can afford. The most I have ever loaned to one person was $2k. They paid me back in 3 months.

If they don't pay me back, then I file that away in my mental "Bad to Loan to" file. Next time that person wants to borrow some cash, they get a $5 credit limit. If they are habitual borrowers, I'll say no to them after 3-4 times.

 

[mchammer187]

Originally posted by: Queasy
I don't borrow or lend money with friends just based off past experience.

One roommate during college lent a couple of hundred dollars to another roommate during a trip to the casinos in Mississippi. I ended up having to live in the same apartment with the two of them absolutely hating each other.

Also during college, a guy I knew came in to a whole lot of money when a relative died. He then proceeded to act like a bank and lent money to his friends, bought dinner for his friends, bought this and bought that until he was all out of money. When he went back to collect money from the people he lent the money to (including the same roommate who borrowed money from the other roommate) they all bilked him and he was left with still being broke.

I won't ask for or borrow more than what I need to buy a coke out of a vending machine with.

yep i borrowed a couple hundred dollars from a friend before, never was a problem for me

 

[Lifer]

Originally posted by: kranky
The key is for the person handing over the money to count it, because that offends no one.

lets assume the person handing the money doesn't count it. do you?

 

[BornStar]

I count all money that I hand out and that is handed back to me. I had an experience where I lent someone some money back when I was a kid and they repaid me a fifth of what they took. I was very angry so I guard against that by counting now. If somebody has a problem with that, tough.

 

[dxkj]

Its always good to count, I would count it in front of a friend, if it was a large stack. If it was smaller I would get a mental note of it, and be able to tell (count in head without flopping around, while you put it into your wallet)

Its also to protect them, in case they give you too much.

 

[Nohr]

I always count it in front of them. It's not a trust thing at all, it's to prevent mistakes from happening. Better to find out right then and there than elsewhere.

 

[Leejai]

if lending money, i'll tell them to count it to make sure it's ok. i think if it's money owed or lent, it should be counted...i think it's rude in the case of money as a gift like a birthday and counting it in front of them.

 

[GiLtY]

If I know them well and trust them based on the personality that I perceive of them, I don't count the money. Otherwise I do


I rarely borrow money anyways. I'm usually the lender.
--GiLtY

 

[Lifer]

if u don't count right away and you're giving the wrong sum, it's hard to dispute later on without looking like ur make accusations.

 

[jjones]

I always count money from anyone, whether it's borrowing, lending or any other transaction, and ask them to count it if they haven't already.