You may think it is embarrassing to discuss the problem of borrowing money with family members.
However, you need to learn to overcome embarrassment and become rational when some family members ask you to borrow money. I know that in general, family members must encounter something difficult to solve when they borrow money from you.
You should not consider it your responsibility to lend money to family members in the first place. At that time, one of your cousins came to borrow 10000 dollars from you. You are aware that your current bank card account has only 5000 dollars in deposit. Should you lend him $5000? My suggestion is that you should refuse his request and tell him your financial situation. You should not deceive him with other reasons. What you need to do is to gently tell him that you have difficulties in life recently, and there is no extra money to help him.
When a family member borrows money from you and you have extra money to help him, you need to consider some other factors. However, if they want to use this money to buy some luxury goods or even gamble, you need to reject them and give them some suggestions. What you need to know is that borrowing money to buy luxury goods is very bad. In addition, when it comes to borrowing money to gamble, you even need to warn them not to do these risky things.
It is worth mentioning that your behavior of asking them can be regarded as caring for them. You can know their psychological thoughts through their reasons for borrowing money. When they really need help, you need to provide your support. If they are in trouble or even in danger, you should dissuade them in time. You need to know that as a person close to them, you should actively help them think about ways to solve these problems.
When a family member has borrowed money from you, what you need to do is clearly tell him that he needs to return all the money to you as agreed.You shouldn't worry that you are too strict with him and don't seem to regard him as a family member. However, in fact, anyone who borrows money from others needs to pay off the debt within the agreed time. If he doesn't repay the money you lent him, it will cause a very awkward relationship.
To sum up, you don't have to worry too much that the problem of borrowing money will hurt the relationship with family members. What you need to do is to treat these family members who borrowed money from you as friends who need help. Therefore, you need to consider many factors to make a reasonable decision.
