When should you give a loan to someone you care about? - Business Insider

Having a loved one asked for a loan isn't uncommon — one survey of 800 people in the United States found that over one-third had a family member consistently asking them for money.

If you need that money, definitely say no. And if you think the loan will continue a pattern of bad behavior from that person, and it doesn't come with clear parameters, you should probably turn it down. With that in mind: Here are four nos, and a yes to get you on the right track when friends or family ask to borrow money: By lending this money are you essentially allowing this person to continue on the same, financially irresponsible track they were on before? Say no. Another way to ask this question:"Are you rescuing this person — and has that been a pattern of behavior?" asks Ford.

If you're going to be looking at them funny, being judgmental or resentful, that's a good reason to say no."It's about you, too, not just them," Ford says. Examine that."Not just how will the person benefit from this, but how will I feel about this?"Jack Frog/Shutterstock

HerMoneyMedia Do You Want create 1 TO 50 amazing animated logo intro video In 24 hours 5$ Visit My Portfolio: Please Contact Me: RunAway PronounsDay HarleysInHawaii Intro video YouTube Fiverr

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple is looking to become a studio - Business Insider - Business InsiderApple made two announcements that suggest it's seeking studio status, including a five-year content TV production deal with Alfonso Cuarón. For the time being apples cash rich advantage is offset by its reluctance to produce anything anyone wants to watch
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon announces 18 finalists for small business awards - Business InsiderAmazon customers can vote for their favorites in the categories of Small Business of the Year, Women-Owned, and Owner Under 30. Ahh, that's so cute. What's the main prize, 'Don't get forced out of business by Amazon'?
Source: BusinessInsider - 🏆 729. / 51 Read more »

5 ways to make the most of a business trip to Milan - Business InsiderMilan may be one of Europe's biggest financial centers, but there's also plenty to do for fun, too — from dining to culture.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Microsoft Advertising's pitch deck for sponsored products ads - Business InsiderMicrosoft wants a piece of Google and Amazon's advertising business. Here's the pitch deck it's using to win search and e-commerce budgets from manufacturers and retailers.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Boeing stripped its CEO of his chairman title and an analyst thinks it's the best possible outcome for him and the embattled companyBusiness Insider spoke with a Glass Lewis analyst who explained what the move means, and why she thinks it's good news for Boeing and shareholders. How’s he still ceo after the 737 max fuckery?
Source: BusinessInsider - 🏆 729. / 51 Read more »