Gererosity of spirit is a beautiful thing.
I'd even go so far as to say that most of us are far too stingy with both our time and money. It wouldn't hurt most of us to give a bit more to others.
That being said, you should be aware of one very serious exception to the "be generous" rule.
Don't be too generous about lending your car.
Why ?
Did you know that if you lend somebody your car and they get into a crash the amount you pay for auto insurance might very well go up.
That's right.
Your insurance is connected to your vehicle. It doesn't matter if you're not driving at the time.
So, if you lend someone your car and they cause an accident you're on the hook.
What's the bottom line here ?
Think twice before you lend your car to a friend.
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