WHEN IT COMES TO THE CRUNCH – WHAT WOULD YOU DO?
A workmate asks you if they can borrow some money from you (let’s say a week’s wages) from you until payday. They claim they will pay you back straight away. You do have the money they ask in your savings account, but you have been carefully putting a little money away for a long time in case of “a rainy day”.
WHAT WOULD YOU DO?
What is THE CARAMEL CRUNCH? Well, it’s all about decisions. When it comes to THE CRUNCH what would you do?
One of the definitions of the word CRUNCH is:
a crucial point or situation
– generally involving a decision with weighty consequences
- Your response can be a quickie. Please feel free to send a comment to say what you would do, and if you have time or are inclined, please feel free to explain your decision.
- If you would like to create a post with a longer explanation of your decision, please pingback to THE CARAMEL CRUNCH post. (Or copy and paste a link to your post in the comments section – please feel free.)
If you know anything about CRUSHED CARAMEL, you will probably realize I am a gentle soul, so my questions are not supposed to be terrifying! What I am hoping for really is to see a variety of responses. Afterall, it’s pretty obvious that WordPress bloggers are from a huge variety of backgrounds and cultures. It would be fascinating to learn more about how we as individuals make decisions.
Some of the questions I am going to ask are questions I have discussed with friends when we have been having coffee or dinner. I often find there is no clear right or wrong. It can be so much a matter of our individual experiences and outlook. I find it fascinating how very different some of us are when it comes to decision making.
We all have different outlooks, and may make different decisions. I am really looking forward to learning WHAT WOULD YOU DO?
Caramel 
Be neither a lender, nor a borrower
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If I’m saving it for a rainy day but my colleague is already going through a rainy day at the moment, I’d probably help viewing their context in mind.
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I guess I would want to know a lot of specifics. In this country there are so many ways you can borrow money from banks etc…or if you lose a job, you can usually apply for benefits of some sort. If my colleague asked me for money I would want to know it was a genuine need and there was a reason they could not get credit from bank.
On some occasions in the past when I lent money to people who asked, I later learnt they were spending it on things that were not needs….they were buying gifts or treats.
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That would not feel good to lend them money and see them spend it for not so important circumstances.
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I’d say that I don’t feel comfortable lending anyone money, because there’s so much potential for it to create problems. If it was someone very close to me that might be different, but certainly not with a coworker.
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Lending money is definitely something that has the potential to cause problems.
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Depend on why they need it. If it’s dire circumstances, I would probably help but understand that I might not get it back.
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I think you are right….if you know someone is in dire circumstances and you have the power to help them, it seems obvious to help and prepare never to recover the money.
I have found on most occasions when I lent money, I later learnt that they money was used for gifts and things that were no way urgent needs. I learnt to be a lot more demanding of why a colleague or friend turned to me for help rather than a bank or someone closely connected to them.
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I guess if they really need the money, I’d lend it.
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You are a sweetie!
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😇
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I cannot stress No Way enough. I would do all I could to help them acquire the money if it was a food/clothing/shelter/health matter, but it is asking for big trouble to lend co-workers money.
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I have become more skeptical based on past experiences.
If someone asked me now what they needed money for – say rent for example – I would be cautious to build a picture of what else they were spending money on and probably ask if I could have their landlords details to transfer the money rather than giving it straight to them.
Some American friends of mine were really upset when they made a loan to someone who was going through hard times. They didn’t document anything…they said there was no pressure to pay it back immediately. Within a year of the loan being made, the couple who received the loan went on a six week tour of Europe.
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Sounds about right, Mel. If you lend with no expectation of getting it back, that’s fine, but lending money to friends (or relatives) is asking for trouble.
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Absolutely not. Well, it’s easy for me to say because my coworkers would never ask. But others have. Once I lent a friend money and she took years to repay me; luckily it wasn’t a big deal at the time. Later, when I was struggling myself post-divorce, a different friend asked. I said no and he never spoke to me again.
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I have learnt a few hard lessons when I lent money to people who asked.
I am a softie and I think perhaps people knew that. But when I think about it, it’s weird. They all knew that I worked part time for paid money so I could spend most of my time working for charities. I just happened to be very careful with the little I had. When I learnt how they had used the money I agreed to lend, I was shocked.
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“Sorry, no can do.”
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🙂 Noone is going to fleece you 🙂
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Well, if they really needed the money, I’d let them have it, but make sure that they paid me back.
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I have learnt to be very careful. In every case where someone asked me if they could borrow money it turned out not to be for a real need at all.
On the other hand, when I saw a genuine need in someone, I took great delight in making a secret gift – I have put envelopes of money and anonymous notes saying “YOU ARE TRULY LOVED” through the letter boxes of people I knew were in real trouble. Special to be able to give like that.
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Yeah, same. I will only give money to someone who’d ask if it was a true need.
And that is an awesome idea! Very cool!
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