Is it better to gift or loan money to family members?

Don't let money woes ruin your happy family unit. Source: Getty.

When you hand money to a family member, do you expect it to be paid back? Verbal agreements or even failing entirely to speak about expectations on repayments or how the money is used can easily lead to disputes within your family unit. Luckily, there are ways to avoid creating a family rift without being too strict.

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Have you had an issue with gifting or loaning money to a family member? How did you resolve it?

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