Oh gosh, this is a touchy subject for sure. SUM180 CEO Carla Dearing actually wrote a blog post about it a few months ago. Carla’s advice, if you’re uncomfortable for any reason, is to find a way to gracefully and firmly say no. Refusing to lend money you can’t afford to spare doesn’t make you a bad person. You HAVE to take care of yourself financially before you can be in a position to help others! And, after all, there are other ways to be supportive and helpful. Anyway, you can read Carla’s blog post here: Lending money to family or friends: Should you do it, and if so, how?
Lending money to family or friends: Should you do it, and if so, how?