My Question of the Day: Many of us have found ourselves needing a little boost in our income until our next payday. With that in mind, think about how you handle loaning money to friends and/or family. When you do loan money to people, regardless of whether you’re expecting them to pay it back or not, do your require that they tell you why they need the money before you will agree to help?

My 2 Cents: I actually don’t require it, and I’d prefer not to know, but I can’t think of anyone who asked to borrow money from me who hasn’t just felt compelled to tell me the reason they need it.

If I have it, I’ll loan it. If I don’t have it, I won’t.

It doesn’t matter for what the money is needed. An explanation doesn’t make me more or less inclined to give a loan. It all depends on whether I’m in a position to make the loan, period.

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