Money & You

Lending money to friends and family

May 6, 2023

Our friends at Debtfix share their thoughts about lending money to friends and family- how to say no, and what to do when the question gets asked! Their blog article covers ways to navigate this tricky subject!

  1. Are there other ways you could help a friend or family member?
  2. Make sure you're clear on the agreement
  3. Think about how to say ‘no’
  4. A call out about economic harm: Where someone tries to force you or someone else to lend them money?

Their Debt Navigator, George, shares his own experiences including the harsh reality of how lending money changed his relationships.

More resources

If this is something you'd like to learn more about, Money Hub also has a comprehensive blog article that includes 6 Essential Must-Know Tips if You Must Lend Money to friends or family.

This was originally posted as an education article on the Money Sweetspot customer portal. If you read this as one of our customers, you would've earned some money off your loan! Do the mahi, get the treats. Find out more.

Related articles

Why hibernating isn't always good for your pocket
When all metrics point to a cold economic spell for many families, it's crucial to know where we can help ourselves.
July 9, 2024
Real people getting Out of Debt and On with Life!
Real stories of resilience and financial transformation from everyday Kiwis that we've supported on their debt detox journey.
April 18, 2024
Understanding the impact of Financial Stress on our Well-being
Explore effective strategies to manage financial stress, ensuring it doesn't affect our health and happiness.
April 2, 2024

Join Our Tribe

Sign up for our newsletter to receive exclusive money tips, educational resources, and the latest updates on personal finance. Join our tribe today and take control of your financial future!

* indicates required
Money Sweetspot provides financial reset debt consolidation loans to help you take charge of your financial life, reduce debts and get on with living.

You are protected by responsible lending laws. Because of these protections, the recommendations given to you about our loan products are not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed. Responsible lending criteria, rates, fees and contract terms apply. For more information visit useful information.

© 2024 Money Sweet Spot Limited