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Lending money

September 1st, 2016 at 04:44 pm

So, 3 weeks ago, a co-worker comes to me saying that another co-worker is in desperate need of $800 to pay a bill by 5:00 that day (it was like 4:00 at this point). This co-worker in need is well liked, super friendly to all, and has never asked for any hand out or anything before. I truly thought maybe something was really wrong. So, this co-worker and I agreed to give the one in need $400 each. The co-worker in need was super thankful and headed off to the bank to cash our checks to do whatever with the $800 before 5:00.

Fast forward to today. Payday was yesterday and I thought for sure that I would see my $400 paid back to me. But, nope. So, I asked the other co-worker that also lent $400 the status of her payback and she hadn't been paid either. I finally asked if she knew the reason that the $800 was needed in such a rushed time... I thought maybe it was to pay the power bill or to pay rent or something like that. Come to find out that the reason this co-worker needed $800 was to buy her teenage son a car! She found a killer deal and didn't have enough money to pay for the car that day and the seller had given her until 5:00 or else they were going to the next person interested. I was livid! That is no emergency whatsoever!

Anyway, co-worker in need has promised to pay us back next week. From what magical funds, I don't know? We only get paid once a month which was yesterday so if she doesn't have the money now, where is she going to get it next week? But, I have no issues with lending her this money and I don't doubt that she'll pay us back, as she really is the type of person that keeps to their word.... however, now that I know the reason behind the "emergency" makes me a bit upset at myself for not asking what it was for to begin with (I just didn't want to pry at the time).

People, if you don't have enough cash to buy a car for your son, then don't go crying to co-workers... am I right?

Posted in Uncategorized | 9 Comments »

9 Responses to “Lending money”

  1. greenleaf Says:
    September 1st, 2016 at 04:59 pm 1472749161
    1472749161

    I can't think of any reason short of buying lifesaving medication or surgery for a family member to ask personal friends for money.

  2. MonkeyMama Says:
    September 1st, 2016 at 05:05 pm 1472749552
    1472749552

    I wouldn't ask relatives or friends... Much less co-workers. ??? But hey, no one helped me to buy my first car. So it seems extra ridiculous to me.

  3. creditcardfree Says:
    September 1st, 2016 at 06:29 pm 1472754598
    1472754598

    Omg! I'm shocked. I really hope you are paid back ASAP. Worse case, lesson learned! Maybe the son will have the money to pay you back?!

  4. crazyliblady Says:
    September 1st, 2016 at 09:08 pm 1472764080
    1472764080

    Honesty is a trait I prize in my friends and the fact that this person could be honest with you in the first place would really bother me. It also bothers me that she could not just go to a bank for a personal loan or car loan. I would never lend money, but have given money to others for a good cause only with the hopes of getting it back.

  5. ceejay74 Says:
    September 1st, 2016 at 09:23 pm 1472765030
    1472765030

    Well, that's one for the record books of SavingAdvice! I can totally see why you wouldn't ask because you assumed it was something terrible...making it even more galling when you found out what the "emergency" was. What are people even thinking when they do things like this to their friends and co-workers?!? Fingers crossed you get that money back!

  6. Thrifty Ray Says:
    September 2nd, 2016 at 04:47 am 1472791675
    1472791675

    I would be frustrated at both myself and at the co worker- I hope the money is repaid!

  7. rob62521 Says:
    September 2nd, 2016 at 08:00 pm 1472846438
    1472846438

    Sure hope you get paid back quickly. Perhaps this is a lesson learned.

  8. PatientSaver Says:
    September 2nd, 2016 at 11:32 pm 1472859178
    1472859178

    lending money is a serious thing. i would not feel i was "prying" by asking why it was needed. I would think you're entitled to know if someone's asking to borrow from you.

  9. Joan.of.the.Arch Says:
    September 3rd, 2016 at 06:54 am 1472885673
    1472885673

    Oh, dear. Sorry that happened.

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