How do you politely decline someone asking for money?

Try the following:

1. “I’m not really in a position to lend you money.”
2. “I really don’t feel comfortable doing that.”
3. “I’m sorry, but no.”
4. “That’s really not feasible for me.”

How do you ask your parents for money as a kid?

When asking parents (or anyone, really) for money it pays to be up front and speak plainly about your needs. Pick your moment well, but don’t catch them off guard. Warm them up by mentioning casually that you’d like to set some time to talk about finances. Then say, “I feel (x time, day or event) would be appropriate.

How do I talk to my family about money?

To figure out how to talk with family about money, these tips can help break the cycle of overheated conversations….3. Keep your own emotions in check.

1. Write down talking points or an agenda before you meet.
2. Take notes (yes, for real).
3. Avoid labels.
4. Listen.
5. End the meeting early, if needed.

How do you talk to your parents about taking over their finances?

How To Talk To Your Parents About Money

1. Prepare for the conversation. You want to get this stuff out in the open as soon as possible—but do a little preparation on the front end.
2. Be clear, humble and kind.
3. Ask about their current plans.
4. Ask for their advice.

What is someone with no money called?

penniless. adjective. someone who is penniless has no money.

What to do when a friend or family member asks for money?

When approached by a friend or family member looking to borrow money, ask yourself if you’re really in a position to be giving money away. If you aren’t, offer to help by providing advice and support. If you are, consider creating a contract that you can both feel good about. It can be a challenge when friends or family ask for money.

Should you lend money to a friend or family member?

Stand firm and don’t back down from the decision not to lend money to friends or family, even just this “one” time. Things are a bit trickier if your friend or relative knows that you do have extra money to spare.

How to say no to a family asking for money?

If you realize that you just don’t have the dough or you feel uneasy, it’s possible to say no to lending money to family or friends while still helping out. When you’re figuring out how to say no to family asking for money, consider telling them that while you can’t swing a loan right now, you’re able to help in other ways. Here are a few ideas:

How to help a friend or relative who is struggling financially?

To help soften the blow, offer to help your friend or relative take a look at his finances. This way, it’s clear that you want to help. There may be a way for your friend or relative to avoid getting a loan. Calculate income and expenses, and see what can be cut from the budget.