Why should You not Give Loan Money to Family

In family, we can include parent, son, brother and sister, husband and wife. All together is family. So, family is blood relation except husband and wife. This relationship is on the basis of trust. No trust means, no family. When you will start to give loan to your family member, it means, you are breaking this trust. Each part of family are working for each other for love, sacrifice and selfless activities. Following are main reasons of not giving loan money to Family

1. It will Increase Tension in Your Mind 

You have given loan to your elder brother Rs. 10,00,000 and at the time of maturity, you demand the money and your brother does not give you. What will you do? You can not fight with your elder brother. Ethical it is also not good. You can not flight. Because, you are living in same home. So, your mind will increase the process of fight and flight without physical existence. So, you will be become the person of negative mental attitude which will bring many diseases for your body.

2. Trust Convert into Doubt

You want to increase trust in family. So, you need to promise yourself that you will not give loan to your family member. If you will give loan and your family member will not return on time, it means, you will start to think doubtful. You may think, your brother or sister is not honest. He or she is cheating with me. With this, your mutual trust will break. Love will break. If you want to keep love and trust all time. Never give loan to your family member. If you want to support your family member,  give and forget.

3. Your Asset will Decrease

If your family member is ready to return your loan by selling his family property. At that time, your total asset value will decrease. How? It is simple saying. Power in unity. Your brother or your sister is your second hand. If you will demand money. How will he or she pay? Suppose, he or she loses in the business. So, he or she will surely sell his or her part in total family asset whether it is home, commercial shop or anything. So, total asset will sell at high price and you will less asset and it will sell at less price. So, only help your family member but not give loan.

4. Anger and Egotism

Sometime, if you will give loan, you can face the anger talk from the family member. Egotism will kill your whole family. So, stop to give loan to family members.

Related 

Why should not Give Loan to Friend 

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Accounting Education: Why should You not Give Loan Money to Family
Why should You not Give Loan Money to Family
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