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? asked in Family & RelationshipsFamily · 10 years ago

What to do when family member keeps "borrowing" money?

I have an aunt every couple of years she needs to borrow money. The reason she always need to borrow money is because she spends more than she makes. Her two children (25 and 27 years old) also took this bad habit. My mom says she is her sister so they have to help her. So they keep giving her money. I am just the niece so I am not in any position to say anything. She never told her son that the money she gave to him to help his condo buying problem is from our uncle. So my cousin thinks his mom gave him the money from her own pocket. She probably has never told her kids about the family's finance situation.

5 Answers

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  • 10 years ago
    Favorite Answer

    Unless she tries to borrow from you, there's really nothing you can do.

  • ?
    Lv 7
    10 years ago

    One of the laws of the universe is to never loan money to relatives unless there in very dire straights. Your aunt knows a sucker when she see's one and that's why she asks and trust me, if she spends more than she makes then she most likely has no intention of ever paying any of the money back that she borrowed.

  • ?
    Lv 7
    10 years ago

    if you feel you must help family by loaning them money have them sign a note and charge them interest, and make them pay it back. if they can't or won't pay it back, don't loan them any more money. if you do you are just supporting their childishness

    helping out family is a good thing to do. but you need to recognize when you aren't helping. you need to recognize when you are being taken advantage of, which is a bad thing for them to do

    what will they do if they can't get free money from family? as it is their borrowing is probably already impacting the family's ability to take care of their own needs

  • 10 years ago

    You're right---you're just a neice and you're not involved.

    Let your parents deal with this.

    Remember this when family members come to you in the future asking to borrow YOUR money.

    Then say "no."

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  • Anonymous
    10 years ago

    what the other guy said

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