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How Do You Handle Someone Who Consistently Needs To Borrow Cash?

I had a college roommate that taught me not to loan money, that I can’t afford to lose. Her car broke down, she couldn’t get to work for 2 weeks.

Once, I couldn’t juggle dropping her to work and getting to class on time. I loaned her the money! And, then she started the dollar dodging! I never saw those $850 or her again!

Since then I adopted the stance of “if I can’t afford to lose it, I am not lending it!” As this economy creates more challenges for us, people may begin to need you more.

Set Firm Agreements create contracts for anything greater than $500

If you can’t afford to lose it don’t lend it!

Avoid, consistent cash requesters…if this becomes weekly or monthly it won’t be long before it starts to create challenges in your own cash!

Say No!

Here are some resources to get you going

Review Your Credit Report Here

Thankfully,

Shani

ABOUT THE AUTHOR

Every time I come in contact with someone I want to remind them of just how Power-full they truly are. Literal, #Purse Empowerment! I do this by empowering mostly women (some men) tackle their financial frustrations rather its saving their 1st $10,000, eliminating thousands of dollars in credit card debt, accelerating the process of paying off their student loan debt, boosting their credit scores, purchasing their first homes, converting their 1st homes into investments and even creating a business that will produce even more wealth for them to save, spend, share and invest.