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How do you reject borrowing money?
Try the following:
- “I’m not really in a position to lend you money.”
- “I really don’t feel comfortable doing that.”
- “I’m sorry, but no.”
- “That’s really not feasible for me.”
Should you lend your significant other money?
“Lending money, especially to a significant other, can jeopardize your relationship,” Chelsea Hudson, personal finance expert at TopCashback.com, tells Bustle. “Even if you love and trust your partner, loaning money can lead to further issues, such as resentment, tension, and additional debt.”
What to say to people who keep asking for money?
There’s no need to lie to them. Just tell them straight up: “I need to pay off my credit cards and student loans,” or “I’m trying to save up for a car, I’m sorry,” or whatever else pertains to your current situation.
What to do if a friend borrows money from other people?
If your relative or friend constantly borrows from others, tell him that you are about to ask him for a loan as well. It lets him know that you have none to spare and even better, he might understand the pressure of rejecting a loan request from a friend.
Should you refuse to lend money to friends and family?
You may feel like you’ve been backed into a corner with no way out, if your friend or relative is pushing you to make a quick decision. You don’t have to say yes, so don’t let the pressure get to you. Making the decision to refuse to lend money to friends or family before this becomes an issue will help alleviate the pressure.
Why does my boyfriend keep asking me to borrow money?
You know your boyfriend is asking to borrow money because he’s not good with the finances. You know you can’t afford to give or lend him money. You’re here because you don’t want to lend him money – and you’re right to be hesitating.
Should you borrow money from relatives to invest?
Ask for a loan from relatives to address real emergencies, such as hospitalizations. If you must borrow to invest, invest in solid things that appreciate steadily like an education or a house. Just be prudent about how you use your loan and make sure your friend or family member invests a comfortable amount, in case things go sour. 3.