If you are thinking about lending money to your partner, then use this 3-point checklist for a better assessment! Check which points are to be considered and how you can make a better personal decision. You can also find a money loan sample contract for free download.
In order to make a clear and better assessment of whether you want to lend money to the partner, you should as far as possible only leave feelings out of the game.
Should I take over debts from the partner?
Unless .. You know in advance that you would not get back the money that you would like to lend to your partner in the worst case, and you agree with this decision in advance!
However, if you are very clear that you do not want to give away your money, then you should consider the following 5 points in order to be able to make a better, objective, logical and factual assessment!
It makes a big difference if you have been living with a spouse for a long time or if you have a new partner and you have only recently become acquainted with it (6 months to 1 year).
If you have a relationship with a new partner then it is very often the case that you do not know much about your financial situation and how you handle money. Most people talk very little about money, their income, their spending and their finances.
The topic of money is in many relationships, as well as marriages, a huge stress test dar. Because hardly a couple has the same conditions and ideas when it comes to the dear money. The income of each partner can be completely different. Sharing costs or talking about budgeting, financing, credit and income in general is not a fun topic in most cases but a burden on the relationship. No matter if you are married for 10 years or would like to lend money to a new partner.
You should know your partner very well and know specifically his financial situation, his attitude to money, what loans, debts, loans or encumbrances already exist, which are monthly costs compared to the revenue. Your partner should answer your questions clearly and disclose his finances for you, so that you can make an objective assessment, before you want to lend the partner money.
If you are married, it should be less of a problem to lend the money to your spouse! Even if you got a divorce, at the end of your divorce your assets and debts would be split 50%. But Vorischt. Here, too, there are clear legal rules, especially if, despite the marriage, a marriage contract was concluded in which an absolute and 100% separation of assets and assets was recorded before the conclusion of the marriage.
Basically, whether you want to lend money to a new partner, or you want to lend the spouse money. This process is in the legal sense, with or without a written contract, as an agreement. In the worst case, a dispute may arise in which a written contract will be decisive for the decision. Therefore, it is always advisable to set up a written loan of money to contract and have it signed by both sides and a third person as a witness!
A factor that is often quite unanswered is the amount of credit, or a private loan. If the loan amount should be very small (EUR 500 – 1000) then this is an amount of money that is probably not a direct threat to the existence. If you intend to lend larger sums, which also represents an indirect and immediate endangerment of your personal financial means for your personal financial situation, then it can only be advised against lending money to the partner!
The amount of this private loan, however, depends on your personal financial situation. For example, there is a financial situation in which an immediate loan of EUR 1000 is a financial problem. But there are also very rich families or people who can easily lend EUR 1 million without getting into financial distress. So remember that the amount of the loan amount is important, but the amount of money this sum depends on your personal financial situation.
Only you can assess whether your personal loan and the money you would like to lend to your partner, will not cause any financial difficulties.
Accordingly, it would be wise to think about lending money to the partner.
So if you want to lend money to a friend, then you should know that person very well. Especially with the handling of money. If a friend asks you for a loan, then you do not have to make a decision immediately. If the question is shot like a gun, then you should not make a decision immediately if you want to borrow money from your friend or not.
If you have considered all the points, and you subsequently decided to lend money to a friend, you should also contractually document this money transaction. A promissory note, or a debt agreement should contain basic formal points, so that you can make later your claim legally! This states that your friend owes you money. This written agreement is a legal formality that ensures that you as a private lender (private lender) can get the borrowed money back!
Only you can ultimately decide whether you want to give your friend money or not. Only because of the fact that z.Bsp. Your girlfriend would like to lend money, only for this reason you are not obliged to give even any amount of money!
Friendships, marriages, relationships in general can be very strained in money transactions. In the end, these can also break. Therefore, it is very important that you take enough time to think about whether and under what conditions you want to lend money to a friend!
Nu You can create your own criteria that should be met to borrow money from a friend!
Learn more about whether your friend can handle money responsibly. Ask him specific questions, and if you do not trust enough, then write him an email in which you direct all questions to him. Let these questions answer you. Only then will you be able to make a better and more objective assessment of whether you would like to lend him a private loan.
There are also situations where it may happen that someone wants to lend small amounts of money. E.g. you can eat with your friend, or in the supermarket. And lo and behold. Your friend has forgotten his purse and asks you if you can lend him some money. A few euros are probably not very bad here.
However, in this situation, you can already find out more about whether your friend will repay the money immediately the next day, whether he will even mention that you have helped him financially on the fast, or whether he mentions nothing. One might think that lending a few euros to friends should not be a problem. In this case, it’s a matter of propriety, a question of character.
In addition, you should always ask your friend for which purpose he wants to borrow the money. Why is that important? Now. Think about it for a moment.
If your friend asks you to lend him money, because he needs this for an important payment with which he is in arrears, such as. his current rent, or an existing loan from his bank and he wants to borrow money from you so as not to incur even higher costs, then this use is guaranteed to be different in comparison to an expensive holiday.
So you see. It makes a difference whether your friend asks 1000 euros for the repair of his car, which he needs every day on the way to work, or whether he wants to try to win money in the casino!