@CJIII29 wrote:It seems like everytime I get close to a downpayment for a auto loan, it seems like someone wonts to borrow some money or something comes up that I have to spend the money. It done happen two times already. I am wondering how to avoid the third go round.
Do you have a savings account? If not I would look into getting one and placing enough money each month over a period of time to get the amount you need. As for people borrowing money, don't let them. You need to stand up and realize that's they're taking away your DP money and you really need it for a vehcile. An old saying is, don't let someone borrow money (no matter who it is) unless you don't need it and can live without it.
What I did is I actually opened a savings account at a completely separate bank from the bank I primarily bank at and have my primary account send a certain amount each month to it. I don't see it everyday and I check on it once in a blue moon and have for emergencies only. Go to a local CU or even try and online only bank like State Farm and open a free savings account. Don't let other people stand in the way of your dream! Good luck!
I've learned this the hard way -- don't lend money to anyone else no matter their story. You have to protect yourself before you can protect someone else. 
@KennyRS wrote:
I've learned this the hard way -- don't lend money to anyone else no matter their story. You have to protect yourself before you can protect someone else.
Right, there are times when one just has to refuse. You learn the hard way, but there are certain people whom you should never waste time or otherwise listen to anything they have to say. The trick in life is to quickly size up the people to put in this category.
Then, just refuse to engage, for any reason.
@Open123 wrote:
@KennyRS wrote:
I've learned this the hard way -- don't lend money to anyone else no matter their story. You have to protect yourself before you can protect someone else.Right, there are times when one just has to refuse. You learn the hard way, but there are certain people whom you should never waste time or otherwise listen to anything they have to say. The trick in life is to quickly size up the people to put in this category.
Then, just refuse to engage, for any reason.
True. The problem comes when it's family... difficult navigating those waters.
@KennyRS wrote:
@Open123 wrote:
@KennyRS wrote:
I've learned this the hard way -- don't lend money to anyone else no matter their story. You have to protect yourself before you can protect someone else.Right, there are times when one just has to refuse. You learn the hard way, but there are certain people whom you should never waste time or otherwise listen to anything they have to say. The trick in life is to quickly size up the people to put in this category.
Then, just refuse to engage, for any reason.
True. The problem comes when it's family... difficult navigating those waters.
Okay. I'm going to give you a secret that my grand father gave me when I found it hard to say no to those people. You know who they are so when you see them coming or they call, you say "Tom(insert real name) I'm so glad to hear from you, because I need $200(insert a ficticious amount of money)."
Funny thing is people won't ask to borrow money if you ask them first. I asked my grand father, "what do you do if they loan you the money?" He said, "it'll never happen, but if it does, just set there money aside for the two weeks you asked to borrow the money and give them their money back."
It made it a lot easier and the people I only heard from when they wanted to borrow money, stopped calling. Also, I no longer had to track them down to get my money on the date that they said they would pay me.
Years later, a co-worker from work asked me to borrow money when I got back my income tax. Since it wasn't my bill money, I loaned it. They nickle and dime paying back 10-20 bucks at a time. I got the funds back, but I never loaned money again. The next time they asked to borrow money, "I drove them to a payday loan place." The usury fees are ridiculous, but payday loan spots are in the business of loaning money, I'm not and can't afford it.
Now days if anyone asks me to borrow money (other than my kids), I say "I don't have it." It's technically true. If you owe anyone money: credit cards, mortgage,etc, then you don't have money to loan. It's ridiculous to borrow money and loan the borrowed money to someone else. You're paying interest on the money you borrowed and they are not. Thus send them to the people who are in the business of loaning or just say you don't have it with a clear conscience. Until you get to that point, use my grand father's approach.
