Close Friend Barrow Money Every Month. How To Handle?

You seems to be very young ... You need to understand the world better . Dont have misplaced sense of gratitude. Share the situation to your parents hopefully they will be able to help you . Give your parents ' excuse to stop money lending or retrieve past money from him.

 

Can you help him emotionally too and show him a right path for job hunting? Once he get the job he will not ask for money. For old loans that you gave let him decide he want/can return to you or not.

 

Why don't you suggest him to move back in with his parents and search for job. That way his daily expenses taken care of and he doesn't have to depend on friends. Help him in whatever way to get job by referring to your company/ friends etc but giving money monthly basis is not practical nor your responsibility, especially if he doesn't return it.
. Tell him you will be unable to send any money any more as from now on your parents are handling your salary to plan your marriage expenses,gold etc. You can mention your dad wants account of the 60k or let it go as you wish.But my overall advice to stop sending more money.

 

There's a saying "Teaching someone to fish is better than giving a fish as it teaches them to feed themselves for life".

So just like he boosted your confidence n gave you moral support - do the same thing now. He must be low in confidence now, so encourage him.

That doesn't mean giving him money, as he may only feel safer with the comfort that you and another friend are giving him rather than developing the strength to come out of it.

To stop the money flow any further, come up with a family excuse that your parents have asked for more money or that they are in need for something n that you really have nothing extra. Or come up with genuine sounding excuses.

The best thing you can do for your friend now is to help him get himself up n restart his life, money isn't the only way to help, in some cases it's the worst kind of help as it stops the other person from waking up to reality.

 

U have a sweet friendship n he should understand it too .. he needs a boost from u to pick himself up n look for a job n be independent ...may be he knows I r there n be carefree ..
as others suggested tell ur parents are asking abt it or ur parents need ..

 

I think its time for you to return his favour. reiterate what he taught you and help him find a job. That is how you help him.

 

Friend in need is a friend indeed! But when money comes all types of relationship affects one way or the other ! As others suggested you can tell tat you need to help your family ! Tell him tat you need the money for paying some emi .Instead help him by referring if you find any job openings tats more better !

 

OP
Give some reasons and stop lending. 60 k is not a small amount.