Everyone has that friend who doesn't know how to control their finances and is always borrowing money. He asks his family, his brother and that best friend for money, which could be you. The question, however, is not in lending money, but in doubt: will he pay? So, we have prepared some tips for you to follow and be more relaxed when borrowing money. With them the concern will be less. Follow the text!
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The importance of keeping track of finances
Always keeping bills up to date is essential to have a balanced financial life and not need to resort to other people or loans to control debt.
However, some people are not able to always keep their bills up to date and end up resorting to their closest friends, since, because they are reliable, they can help in this difficult situation.
The question is, how is a friend who can't control his financial life going to pay me? In this case, it takes a lot of thought and years of friendship to make a decision. If it's too difficult, we've prepared some tips for you.
Some tips if you need to lend money to someone
If a friend of yours has borrowed money and you don't know what to do, here are some ideas:
1. offer another alternative
Your friend has asked for money and you are concerned about their financial situation, so you don't have to deny it right away. How about another alternative? Come up with some ideas he can turn to to get the money.
2. Give a deadline for payment
If you have chosen to borrow, state a deadline for repayment. Say you'll need the money at a certain point to do something.
3. Say no
If for some reason you don't feel comfortable lending the money, say no without fear. Even being a friend, we cannot always be available for everything. Surely the other person will understand.
