- Am I really in a position to be giving money right now? If you have to pull from funds you’ve set aside for critical expenditures like rent, car payments and health care bills, you probably shouldn’t lend the money.
- If I do lend money, is this an amount I am willing to lose? If a friend doesn’t pay you back on time or doesn’t pay you back at all, make sure that doesn’t put you in a financial lurch.
- Is this person on my shortlist of loved ones I’m willing to give money to? You probably can’t give money to everyone who asks — so create boundaries around your finances.
- Is there another way I can help during this difficult financial time? Maybe have a candid conversation with them about their spending habits. Or help them with childcare so they can pick up a few more shifts at work.
According to Singletary; Wendy De La Rosa, assistant professor at the Wharton School of Business; and Berna Anat, author of Money Out Loud: All the Financial Stuff No One Taught Us.
Real Life of an MSW 
Here lately my answer is no. No explanation. No nothing. I’m really in a peaceful place right now and it feels so good!
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No is a complete sentence, and to know and understand that is a beautiful place to be in life.
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Good questions, especially the last one. Lending (giving) money can actually be counterproductive, depending on the recipient and the circumstances. Sometimes “throwing money at a problem” is a cheap (lazy) substitute for the investment of time it would take to solve the underlying cause.
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Well said ❤Thanks for taking the time to read and comment!
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