{"id":200,"date":"2007-10-01T06:45:42","date_gmt":"2007-10-01T10:45:42","guid":{"rendered":"https:\/\/www.pickthebrain.com\/how-to-deal-with-friends-who-need-financial-help\/"},"modified":"2013-08-15T08:52:14","modified_gmt":"2013-08-15T16:52:14","slug":"how-to-deal-with-friends-who-need-financial-help","status":"publish","type":"post","link":"https:\/\/www.pickthebrain.com\/blog\/how-to-deal-with-friends-who-need-financial-help\/","title":{"rendered":"How to Deal With Friends Who Need Financial Help"},"content":{"rendered":"
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Do you often find yourself trying to resolve the financial difficulties of your friends and relatives? From personal experience, I know this is a difficult situation. At times, it can seem more difficult than solving our own financial problems.<\/p>\n

There is no right way to deal with the financial problems of other people. It will depends on the nature of your relationship with them. However, here are a number of suggestions to bear in mind.<\/p>\n

1. Should I lend money to my friends?<\/strong><\/p>\n

“Neither a borrower nor a lender be;
\nFor loan oft loses both itself and friend, ”<\/p>\n

– LORD POLONIUS: From Shakespeare’s Hamlet, 1603<\/p><\/blockquote>\n

Lending money to friends and family is a potentially awkward situation and can be the source of conflict in a relationship. Before lending money to friends, ask yourself these questions:<\/p>\n