Lending money to friends can strain relationships

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CNBC

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How to say 'no' when family and friends ask to borrow money, from a financial therapist

Summary

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73% Informative

Nearly a quarter of people who lent money or covered a group expense with the expectation of being paid back say doing so negatively impacted their relationship with the other party.

It's important to remind yourself that no one knows your money better than you, therapist Aja Evans says.

To deal with the guilt, it can be helpful to write down your financial boundaries.

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Neutral language

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informal

Language

English

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not offensive