Suze Orman's All-Star Advice
— Anonymous, via The Huffington Post
Suze: You have a right to be angry at her, but in my opinion, you should actually be angrier at yourself. Just don't go telling me this is the first time that you've seen your sister be irresponsible with money. So, you gave it to her. You thought you lent it to her.
When you are giving somebody money, you are giving it to them. Don't think you are lending it to them. You need to ask yourself: Can I afford it? If you can't, because they can't pay you back, what are you going to do?
What I would do if I were you, by the way, is get your sister to pay you back $75 a month, every month, for the next four years. That's with 4 percent interest. Then you will have a better relationship.
Remember, there's no such thing as lending money. You are giving it or you are not.
More from Suze:
5 things to consider before you lend
Next: Suze's Action Plan