When it comes to money, it can be hard to tell where the line is between personal and financial matters. While lending money to loved ones can be a gesture of trust and support, it can also lead to strained relationships and unresolved debts if not handled delicately. In an ideal world, lending money to a friend or family member should always end with repayment and strengthened bonds. However, reality often paints a different picture. When money is involved, emotions can run high and things can often get complicated. Here are some ways to navigate the delicate issue of recovering money owed by loved ones without straining the relationship. Steps to recover what is owed Recovering a loan involves several key steps to ensure a smooth and effective process. You can use the following as a guideline:

1. Open communication

Effective communication is the cornerstone of any successful relationship, including...