What do you do when a friend asks for money

What do you do when a friend asks for money

The most common situation happens when he needs money and knows (or believes) that you have it.You'll find every time he asks you for money he would lie to you about the reason.If you've known your gf long enough and know what she needs, there's nothing wrong with giving her money.Anything is better than the silent, invisible treatment.One of the easiest ways to say no is by simply creating a rule for yourself.If money is scarce, perhaps another deal can be worked out.

He has no respect for your hard work towards your goals, he doesn't respect your savings from months of work.You're maybe familiar with this person, but don't consider them your friend.Say, 'here's $100 and i'm happy to help.Give it if i could, but never expect to see it again.A few years ago, maggie baker's adult son asked to borrow money to invest in a new business he was particularly hot on.Offer a regular payment plan to take some of the stress out of loan repayment.

You must learn to say 'no' and protect your own finances.Perhaps you don't have a lot of spare cash yourself right now, but you still want to help your family members get out of a tough situation.It's okay to say no, i can't right now..

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