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Rule #3: Know When to Say "No" to Someone You Love
The truth is that no one can afford to lend a buck if it means going into debt. Even if you do have money to spare for relatives who ask you for funds, consider it a loan, not a handout. Letting the borrower know that you expect repayment—and working out a plan that sets boundaries for both of you—may make him or her reconsider asking in the first place.