What To Do If Friends Ask for Money | How to Handle Lending Money to Friends

What to do if friends ask for money? Lending money to friends and family can sometimes be a tough situation. Hopefully these tips help!
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Timestamps
0:00 Introduction
0:48 Never lend money you can’t afford to lose
2:16 Treat it as a test
3:04 They are not your responsibility
4:26 Don’t do it if you’re uncomfortable
5:05 Don’t explain yourself
6:26 Why do they need money?
7:35 Reevaluate the relationship
8:36 Ending
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I’m documenting my debt free journey while also giving people personal finance advice like budgeting, saving and paying off debt! If you want to know what I’m up to on a daily basis, follow my on Instagram or Twitter 😊
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Disclaimer: I don’t have any formal financial background or training. I’m just someone who wished someone had taught me about finances when I was younger and I want to share what I’ve learned along the way. 😊

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