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Lending Money Etiquette
 
When A Colleague is Strapped… and You're the ATM

Q: One of your co-workers borrows five dollars here, 10 dollars there—and never pays you back. What can you say the next time?

…if she's higher up on the totem pole?
  • Make her aware of her delinquency but defuse the awkwardness for both of you with humor—for example, "You know, if I were a barmaid, I'd have to cut you off—you're running up quite a tab!"
    — Faith Salie, host of the public radio show Fair Game from PRI with Faith Salie
  • The co-worker is not being fair or responsible. Get repaid, and then don't loan another cent. Never hesitate to ask for the money back.
    — Jack Marshall, president of ProEthics

…if she's lower down—and you know money's tight?
  • Her financial situation shouldn't influence your decision making. Write off the money that you've loaned in the past. Going forward, just say, "I'm on a budget; sorry I can't help."
    — Michele Warholic Wetherald, executive director of the American Association of University Women.
  • I was always told, "If you loan money to a friend, you'll collect it from an enemy." I give money only if I can afford never to see it again without resentment. Next time, just apologize to your coworker for not being able to make the loan.
    — Rudy Rasmus, pastor of St. John's United Methodist Church in Houston

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