You’ve probably heard how giving not only benefits the recipients but the giver. However, what do you do when you’re in debt? Learn how you can pay off debt and give more to the causes that matter most to you! Giving While in Debt? When people ask this, two things jump out at me. First, […]
What’s the key to lending money to family? Dorethia Kelly from Money Chat shares ways you can give to your loved ones without hurting your finances or marriage.
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This is it, the #1 episode of the Couple Money Podcast!
Loaning Money to Family
On a podcast about family and finances this is perhaps one the trickiest and most stressful question you two may have to answer – Should we lend money to our family?
I don’t think it’s about trying to keep money to yourself. I think most of us would gladly help out a loved one. The hard part is when it is someone dear to us who is constantly having problems with their finances. Our gut is wondering if we’re helping them out or if we’re enabling them.
Dorethia Kelly, founder and author of Money Chat, was my special guest and we had a really open discussion on how to help out your relatives. We also get into finding boundaries within your marriage because nothing can cause tension between you two like your family.
Resources on Lending Money to Family
If you want to find out more about loaning money to family, please check out these resources:
- I Broke My Rule (About Loaning Money to Family)
- How to Lend Money to Your Family Members
- Never Lend Money to Your Family and Friends!
- The Danger Zone