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  • Aleksandra Medina

Frich Insights: Borrowing Money from Friends

If you've been around for a while, you've probably witnessed us begging for you to talk with your friends about money. You've also hopefully read our deep dive dissecting why people feel more comfortable talking about money with their romantic partners vs their friends (and how we think that's wrong).

BUT we're not here to deny that talking about money with your friends can be really awkward. Especially when it comes to sharing and borrowing. We all have heard that sharing is caring, but how much is too much? At what point do you address it if your generosity is being taken for granted or left unnoticed?

Listen, we all know we're supposed to be generous and help a friend out, but when do we actually call them out? Sometimes you just can't help but start feeling a little upset when your friend owes you $100 and you see them splurging left and right. So here's what Frichies said ⬇️

Only 9% of you said that you'd just let it go. So there you go. You are NOT the only one if you're bothered with your friend not paying you back.

27% said that you'd confront them (👏) - we just hope you do it gently in case there's actually a reason they couldn't pay you back sooner.

11% said that you hold a grudge because you expect your friends to remember. Our take? That's unfair to you AND your friend. Just bring it up, you'll both feel better. Maybe your friend genuinely forgot.

And to those of you out there that owe your friends money and are dodging their questions because you can't pay back - talk to them about it!!! They lent you the money because they love you as a friend & surely will understand if you're having trouble paying back.

Most of you said yes (84%) - the only thing you differed on was the $$ difference you'd confront people about. Don't be ashamed to ask your friend to pay you back the full amount they owed you. They'd probably do the same to you.

Most (but not all 👀) said yes! But about a quarter of you would do so only if the amount their friend paid back was way more than they owed. Wonder if the difference should be reported to IRS as an income🤔😛


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