We often borrow money from our family and friends, but keeping track of how much we owe each person, and the agreed upon schedule to pay them back, is often a verbal agreement. If you owe the bank money, they have the ability to notify you, and ultimately take the money, if things get out of hand. With family and friends we heavily rely on our word, which can be miscommunicated, misunderstood, forgotten, or taken advantage of–often creating friction in these non-professional relationships.