Dealing with Family Borrowing Money: How to Ask for Your Money Back without Feeling Guilty

TLDRLearn how to ask your family members for the money they owe you without feeling guilty, set boundaries, and handle their excuses with confidence.

Key insights

💰Don't feel guilty about asking for your money back from your family members. They didn't feel guilty when they borrowed from you.

Don't believe anyone who promises to pay you back by a specific date, especially around holidays. It rarely happens.

💔Pursue your money, but be prepared to cut off financial support if your family members consistently fail to pay you back.

💼Approach your family members in need of money the same way they approached you. Express your financial struggles and ask for help.

🎯Know when to walk away. If your family members don't pay you back, stop giving them money to avoid being taken advantage of.

Q&A

How do I ask my family members for the money they owe me?

Approach them confidently and explain your financial situation. Be assertive and ask for your money back without feeling guilty.

What should I do if my family members promise to pay me back by a specific date but don't?

Don't rely on their promises. Politely remind them of the debt and set a reasonable deadline for repayment. Be prepared to take further actions if necessary.

How can I avoid feeling guilty when asking for my money back?

Remember that you loaned the money, and it is your right to ask for it back. Don't let guilt prevent you from pursuing what is rightfully yours.

Should I still lend money to family members if they haven't paid me back before?

Consider setting boundaries and stop giving them money until they have repaid their debts. This will prevent them from taking advantage of your generosity.

When should I walk away and stop lending money to family members?

If your family members consistently fail to repay their debts and take advantage of your financial support, it may be time to cut them off to protect your own financial well-being.

Timestamped Summary

00:21Don't feel guilty about asking your family members for your money back. They didn't feel guilty when they borrowed from you.

01:04Don't believe anyone who promises to pay you back by a specific date, especially around holidays. It rarely happens.

01:31Pursue your money, but be prepared to cut off financial support if your family members consistently fail to pay you back.

01:58Approach your family members in need of money the same way they approached you. Express your financial struggles and ask for help.

02:34Know when to walk away. If your family members don't pay you back, stop giving them money to avoid being taken advantage of.