FRIENDS WITH MONEY PODCAST

Friends With Money #165: Family loans: financial support between generations

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With the rising cost of living squeezing budgets, many are finding it harder than ever to make ends meet.

Sometimes, turning to family and friends for help can feel like the only option.

But lending money can be tricky. How do you balance financial support with protecting your relationships?

friends with money podcast 165 family loans financial support betwen generations michelle lomas

On this episode, Money's Michelle Baltazar chats with the founder of Chipkie, Michelle Lomas, about the best way to lend money to family and friends.

They discuss:

  • The financial pressure created by a rising cost of living, especially when it comes to buying a home
  • The complex emotions of borrowing from family and friends
  • Tips for lending money with confidence, ensuring repayment, and keeping your relationships strong

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Michelle Baltazar is editor-in-chief of Money magazine and an award-winning journalist, editor and publisher. She has worked at media companies including BRW, Shares Magazine (London) and industry newspaper Financial Standard, and has written about superannuation, wealth management, investment technology and financial advice.

Michelle Lomas founded the Fintech start-up Chipkie, a disruptor in the friends and family money lending space. She has spent almost 20 years in media and marketing, working in Australia and the US for leading brands Hearst, Are Media, Group M and Mediabrands. She holds a Bachelor of Communications, major in Advertising, from Western Sydney University.