DON'T EXPLAIN OR MAKE EXCUSES. When you say no, don't offer explanations or excuses. Doing so only opens the door to a discussion and prompts your friend or family member to try to overcome your objections. Say, “I'm sorry, but I can't give you a loan.” When the person asks, “Why not?” just repeat your statement.
“Keep it simple, 'I know this is a tough time and I am so sorry I am unable to help. '” This, of course, can be more complicated if the person asking is someone you truly care for, but if you don't have the extra funds or simply prefer not to lend the money, Smith said it's fine to politely decline.
Express empathy and understanding for their situation and assert your financial boundaries. Remember that refusing their request is not a personal attack on the person asking for help but rather a responsible decision for your own financial well-being.
Offer advice, manage friend's finances
Find out about his financial goals and how much he is saving for these, as well as the amount he needs for monthly household spends. Automate his savings, investing, and bill payments. When his essential spends are taken care of, he may not feel the need to borrow.
If someone you've met online asks you for money, this is a red flag you cannot and should not ignore. It's one of the most obvious signs that someone is talking to you for all the wrong reasons. No one you've just met should be asking you for money.
Never ask to borrow money from a friend or family member. If you do, you're likely asking for trouble. You might no longer be friends once money is involved.
You could also say, “My finances are tight" or, "I'm on a tight budget.” Even saying something simple like, “I'm not sure I can afford it” sounds so much better than saying, “I don't have money.”
Thank you for offering but sorry I am not doing this for money." You should thank them for the offering and say sorry for not being able to accept it. If someone wants to do something for you as a thank you, and you really don't want to accept the money, there are a few options.
It's okay if you don't want to do certain things. When you tell your friend no, be firm and use a kind tone of voice. If possible, offer an alternative or explain why you're saying no, but don't feel like you have to apologize or feel guilty about your choice.
Be direct. This is often the best approach, even if it feels difficult. Just say, "No, I can't" or "No, I don't want to." Avoid apologies when they aren't warranted.
On this page you'll find 225 synonyms, antonyms, and words related to moneyless, such as: bankrupt, exhausted, impoverished, indigent, insolvent, and needy.
You can say no to a friend if they ask you for a loan. It may be the case that you're not comfortable lending them the money and you're under no obligation to do so. However, this can also cause problems, especially if they're in a bad financial position.
Lending money to friends and family can lead to financial problems for you and potentially cause relationship damage. Creating boundaries for loans to friends and family can help preserve relationships and minimize the potential for problems.
It can be tempting to ask friends or relatives to lend you money. But you need to think carefully about whether you can afford to repay it, and can cope with what might happen if you can't.
I totally understand that we could all find ourselves in a tight spot and in need of help, but I would not encourage any man to go there unless he has no other alternative. If you are in a bind and considering to seek help from a certain lady friend, don't!
If anyone asks to borrow money from you – whether he's a guy you're dating or a man you've known your whole life – the smartest thing you can do is say “no.” The second smartest thing is to assume that if you loan him the money, you'll never be repaid.
down-and-out. estranged. exiled. forlorn. forsaken.