It is sometimes said that borrowing money from a friend can harm or damage the friendship. Do you agree? Why or why not?
Use reasons and specific examples to explain your answer.
You should spend about 40 minutes on this task to write at least 250 words.
Borrowing money from a friend is a sensitive topic that requires careful consideration. While it may seem like an easy solution to a financial problem, it can also strain the relationship and lead to resentment or awkwardness.
ReplyDeleteOne of the main advantages of borrowing money from a friend is that it can be a quick and easy way to get funds you need. Unlike applying for a loan from a bank, which can take time and require a lot of paperwork, borrowing from a friend can be a straightforward process. Additionally, friends may be more willing to lend money without requiring collateral or a high credit score.
However, borrowing money from a friend also has its drawbacks. One of the biggest risks is that it can damage the relationship if you are unable to repay the loan on time. Even if your friend is understanding and patient, the tension and stress of owing them money can put a strain on your friendship. Additionally, if you fail to repay the loan, it could lead to legal action or other negative consequences.
To avoid these risks, it is important to approach borrowing money from a friend with caution and transparency. Before asking for a loan, make sure you have a clear plan for how you will use the money and how you will repay it. Be honest about your financial situation and any potential risks or challenges you may face in repaying the loan. This will help your friend make an informed decision about whether to lend you the money, and it will also set clear expectations for both of you.
In conclusion, borrowing money from a friend can be a helpful solution to a financial problem, but it also carries risks that should be carefully considered. To avoid damaging the relationship, it is important to approach the situation with honesty, transparency, and a clear plan for repayment. By following these guidelines, you can navigate the process of borrowing money from a friend with confidence and ensure that your friendship remains intact.
Brilliant! The essay is perfect despite some minor mistakes and repetion of some words.
DeleteBorrowing money from a friend is a sensitive topic that requires careful consideration. While it may seem like an easy solution to a financial problem, it can also strain the relationship and lead to resentment or awkwardness.
One of the main advantages of borrowing money from a buddy is that it can be a quick and easy way to raise funds you need. Unlike applying for a loan from a bank, which can take time and require a plethora of paperwork, financing from a friend can be a straightforward process. Additionally, friends may be more willing to lend money without requiring collateral or a high credit score.
However, borrowing money from a mate has several drawbacks. One of the biggest risks is that it can damage the relationship if you are unable to repay the loan on time. Even if your friend is an understanding and patient person, the tension and stress of owing them money can put a strain on your friendship. Additionally, if you fail to repay the loan, it could lead to legal action or other negative consequences.
To avoid these obstacles, it is essential to find an approach for borrowing money from a friend with caution and transparency. Prior to asking for a loan, make sure you have a clear plan how you will use the money and how you will repay it. Be honest about your financial situation and any potential risks or challenges you may face in repaying the loan. This will help your friend make an aware decision about whether to lend you the money or not. Moreover, it will also set clear expectations for both of you.
In conclusion, borrowing money from a friend can be a helpful solution to a financial problem, on the contrary it also carries risks that should be carefully considered. To avoid destroying the relationship, it is vital to approach the situation with honesty, reliability, and a clear plan for repayment. By following these guidelines, you can navigate the process of borrowing money from a friend with confidence and ensure that your friendship remains intact.
Nowadays money plays a vital role in the everyday life of humanity. Some people claim that banknotes can ruin a friendship, while others believe the opposite. In the following essay I will explore this issue in order to convey my point of view.
ReplyDeleteFirstly, this is a kind of relationship which mostly works on a give-and-take attitude. If a friend is only on the receiving end and the other one is on the giving end for an extended period, then this could harm their friendship. For instance, a person who keeps on lending money to his companion who spends it on futile things is a person who cares about their friendship but not vice versa. Nonetheless, if there is a mutual agreement between them, then they can have a healthy form of companionship.
Secondly, doing this might intensify the bond between them. In particular, an individual would feel delighted that their ally trusts them and feels the need to ask for any financial help without hesitation. Because of this, the sense of trust between them can increase.
In addition, the borrower might feel obliged and return the amount with an added interest. These gestures are nothing but part and parcel of friendship.
From my experience, I have a friend that helped me when I was in financial trouble and I’m really glad that this process hasn’t changed our bond.
In conclusion, although asking for money from friends habitually has its adverse effects, I believe, borrowing and lending money occasionally has an essential part in how the relationship between two friends gets bigger.
Xenia
Good job! The essay is well-structured with a variety of linking words and synonyms. Pay attention to the extention of your own example. It should fully justify your point of view.
DeleteNowadays money plays a vital role in the everyday life of humanity. Some people claim that banknotes can ruin a friendship, while others believe the opposite. In the following essay I will explore this issue in order to convey my point of view.
Firstly, this is a kind of relationship which mostly works on a give-and-take attitude. If a friend is only on the receiving end and the other one is on the giving end for an extended period, then this could harm their friendship. For instance, a person who keeps on lending cash to his companion who wastes it on futile things is a person who cares about their friendship but not vice versa. Nonetheless, if there is a mutual agreement between them, then they can have a healthy form of companionship.
Secondly, doing this might intensify the bond between them. In particular, an individual would feel delighted that their allay trusts them and feels the need to ask for any financial help without hesitation. Because of this, the sense of trust between them can increase. In addition, the borrower might feel obliged and will return the amount with an added interest. These gestures are nothing but part and parcel of friendship.
From my experience, I have a buddy that helped me when I was in financial trouble and I’m really glad that this process hasn’t changed our bond. I realised the truth of the statement, "A friend in need is a friend indeed".
In conclusion, although asking for money from friends habitually has its adverse effects, I believe, borrowing and lending cash occasionally has an essential part in how the relationship between two mates gets close-knit.
Borrowing money from a friend is a great way to get money, according to many. To be honest, in reality, it is far from the best way to solve financial problems, having many concealed difficulties. This essay will discuss this issue, using examples to support its arguments and demonstrate its points. There are several positive reasons for that.
ReplyDeleteSpeaking of the positive aspects of borrowing money from a friend, it is worth noting that it can actually be a quick and easy way to get finances. Unlike a bank loan, which requires a lot of bureaucratic work, this way of earning income will be faster and easier. Additionally, friends may be more willing to lend money without requiring collateral or a high credit score. However, it is worth considering several factors before asking a friend for money. You should understand how this person feels about solving money problems by borrowing and how close your relationship is for an action like this. According to statistics, 63% of people over 35 are not ready to lend a certain amount of money, but 73% of people under 30 are ready to help.
Borrowing from a friend can have certain consequences on your friendship, especially if you do not repay the entire amount on time. That is why before asking a friend for money, it is important to have a clear understanding of how quickly you can repay the money in the required amount and not miss the deadline. Even the most patient and close friend has every right to be indignant and ask to return the promised amount on time. Therefore, it is very important to be honest with yourself, your friend and your financial situation, because this request can either destroy/spoil your friendship or show you as an honest and responsible person. According to statistics, about 15% of friends stop communicating so well like before, after failing promises when lending money.
To sum it up, borrowing money from friends is not the best, but not the worst way to get temporary income, it has its positive and negative sides.
By Diana
The essay adequately addresses the topic, presenting a balanced view of borrowing money from friends. The arguments are supported with some relevant points and examples, although more detailed examples would strengthen the analysis. The conclusion summarizes the main points effectively. The essay is well-organized with a clear introduction and conclusion. The paragraphs are logically structured, and the flow of ideas is generally smooth. The essay demonstrates a good range of vocabulary, although some words and phrases could be more precise and sophisticated. The use of vocabulary is generally accurate and appropriate.
DeletePay attention to vocabulary repetition to improve the overall score.
Borrowing money from a friend is a great way to get money, according to many. To be honest, in reality, it is far from the best way to solve financial problems, having many concealed difficulties. This essay will discuss this issue, using examples to support its arguments and demonstrate its points. There are several positive reasons for this.
Speaking of the beneficial aspects of taking cash from a mate, it is worth noting that it can actually be a quick and easy way to obtain finances. Unlike a bank loan, which requires a lot of bureaucratic work, this way of earning income will be faster and easier. Additionally, friends may be more willing to lend money without requiring collateral or a high credit score. However, it is worth considering several factors before asking a friend for money. You should understand how this person feels about solving financial problems by borrowing and how close your relationship is for an action like this. According to statistics, 63% of people over 35 are reluctant to lend a certain amount of money, but 73% of people under 30 are ready to help.
Borrowing from a peer can have certain consequences on your friendship, especially if you do not repay the entire amount on time. That is why, before asking a friend for money, it is important to have a clear understanding of how quickly you can pay the sum back in the required amount and not miss the deadline. Even the most patient and close friend has every right to be indignant and ask for the return of the promised amount on time. Therefore, it is very important to be honest with yourself, your friend and your financial situation, because this request can either destroy or spoil your friendship or show you as an honest and responsible person. According to statistics, about 15% of friends stop communicating as well as before after failing promises when lending money.
To sum it up, borrowing money from friends is not the best, but not the worst way to obtain temporary income; it has its positive and negative sides.