Say, “I'm sorry, but I can't give you a loan.” When the person asks, “Why not?” just repeat your statement. Eventually, your friend or family member will stop asking.
“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.
Is it wrong to say no to someone asking for money?
“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.
How to say "no" to relatives asking for money | MJ Harris
40 related questions found
How do you politely refuse money from someone who is insistent?
Be honest - "it was nothing", "you don't owe me anything", "I did it because you're a friend", "I'm sure you would do the same for me", etc. If they insist, then you could simply suggest a minor alternative - "buy me a beer" or whatever is culturally appropriate.
What do you call a person who always asks for money?
Definitions of avaricious. adjective. immoderately desirous of acquiring e.g. wealth. “they are avaricious and will do anything for money” synonyms: covetous, grabby, grasping, greedy, prehensile acquisitive.
Be polite but firm. It is difficult to say no when under pressure, but you should not immediately agree to a loan request, experts say. If the situation, amount and time frame allow you to take the risk, then you can agree to it; otherwise, politely say no, says Mr Mehta from Continental Financial Services Group.
Be Honest And Open. It is crucial you're being honest about why you need the money. After all, asking someone to lend you money assumes a certain level of trust between you. By not being truthful about your reasons, you're breaking their trust.
Show Your Appreciation – If you are lucky enough to receive a cash gift – for your birthday or perhaps your wedding – thank the giver for their generosity both at the time of the gift (if given in person), and with a thank you note.
Sure, being direct matters — but how you phrase your request while asking for your money back is still important. While asking, you should make sure the person you are talking to understands why you are asking for your money back, as well as what kind of timeline you're expecting for their repayment to you.
Investing for a friend usually isn't worth the amount of trouble it can cause. Money just isn't something you want to bring into a good friendship. In the end, by helping your friends invest on their own, you'll be doing them—and yourself—a much bigger favor. U.S. Securities and Exchange Commission.
“You just say something like, “Sorry, I'm not interested.” or “No.” If you want to be extra gentle about it, you can say something like, “I'm flattered, but not interested.”, “No, thank you.”, or “Thank you for asking, but I'm not interested.” If they push for anything beyond that, they are the ones being rude.”
What do you call a person who doesn't spend money easily?
Definition - one who does things in a small way; tightwad, cheapskate. Piker can refer to a tightwad, a cheapskate, or basically anyone who does not like to spend or give money.
Some common synonyms of stingy are close, miserly, niggardly, parsimonious, and penurious. While all these words mean "being unwilling or showing unwillingness to share with others," stingy implies a marked lack of generosity.
