In the August issue of Money Magazine my article, “The Right Way to Give an Allowance,” discusses how allowances are evolving. No more financial rewards for doing chores. Instead, kids are encouraged to be entrepreneurial, identify needs around the house and negotiate their pay.
In a perfect world, borrowers would quickly and readily return personal loans but, as we know, that’s often not the case. Here are tips on how to get your friends and family to pay you back.