I can’t deny it. Money is an issue right now. I’m paying for a car, education, and life in general. Basic storyline… I’m very contientious about my finances right now.
So here’s what the issue is: I was in a wedding party early on in the summer. I forget when exactly, when I was even more poor than I am now. Doing so required that I rent a tux, an expense of $120 I think. Fortunately for me (because I don’t have the money) my housemate Aaron picks up the tab. He can be good like that (for reference, we probably both owe each other money but haven’t been overly concerned about keeping tabs). So I owe Aaron $120. Unfortunately for me, Aaron owes his brother more. So as the debt market seems to be an active one, my debt is sold to Aaron’s brother. This is bad.
I’ve slowly gotten this tab down to $30. But that little brother has been a terrible nag about it. Every other day it seems, “got my thirty bucks?” And it’s always no. Until I have a more stable financial situation, I’m the furthest thing from worried about a $30 tab to my housemate’s little brother. And besides, “having” $30 to give him is quite different than having a bank balance of $30. Money had does not mean money available. But now he’s threatening to charge interest.
But here’s where I sort of surprised myself with a cohesive argument against his ongoing threat of interest. Flat out I told him tonight that if he attempts to raise the tab by charging interest I will deny owing him a cent. I explained that he had absolutely no right to charge any interest. Owing an individual (or any group for that matter) an amount of money does not automatically entitle one to exact fees and/or interest when that money does not get repaid on that person/group’s timetable. Unless before the money was loaned there was an explicit agreement of time to repay and interest/fee schedule, no right can be claimed for that purpose. No right exists. And to that end, I will hold my ground… owing Aaron’s little brother $30 and knowing that I have to repay him. But without rise in balance for any reason (not even inflation) or any timetable whatsoever.
ps. In case he’s reading it, the only cards left are Friendship, Future Lending, and Dishes… with the last card in my favor.
Edit Sept 15, 2009. I see the shallowness of my behavior, despite being wrapped up in ideas worth pursuing.