Foundations for Strong Families 201. Extended Family


Lending money between family members can be tricky with consequences affecting the closest, most important relationships, as well as finances. It is easy to feel no pressure to pay back a family member; however, it is vital to treat a family loan just like a financial institution. Experts urge family members to be as specific as possible about the terms of the loan: how often payments will be made, what day they will be made, and the interest rate.11 Conversely, it is easy to feel an obligation to support family members in times of trouble. Being able to set boundaries and assure that the couple relationship is respected in the context of competing requests from different family members and even families is not a simple matter.

View full report


"report.pdf" (pdf, 247.93Kb)

Note: Documents in PDF format require the Adobe Acrobat Reader®. If you experience problems with PDF documents, please download the latest version of the Reader®