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.

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