The pitfalls of loaning money to family

When a family member comes to you with a financial request, it’s natural to feel torn.

On one hand, you want to help. After all, this is someone you care about, someone whose well-being matters to you.

On the other hand, the decision to loan money to family members is fraught with complexities, both emotional and financial, that can strain even the healthiest of relationships.

This is not simply a matter of dollars and cents; it’s a matter of human dynamics and, perhaps most importantly, boundaries.