Four Tips That Make Asking for Money Less … Uncomfortable
By TLB Contributing Writer: Susan
There are many convenient ways to get some money when you’re in a pinch. You can ask a friend for a little cash or ask a family member to send you money with a money transfer service.
However, just because getting money is convenient doesn’t mean asking for it is easy.
If you’ve fallen on hard times or need a little extra money to help pay for an unexpected expense, you may want to turn to a friend or family member, but you may not know how.
Follow these four tips the next time you have to ask someone for money to make the whole process go much more smoothly.
Know Who to Ask
The first step in reducing the likelihood of your request causing problems is to know who to ask. Borrowing money can really drive a wedge between you and the person providing you with the cash, so choosing someone who would want to help you is key.
Parents are a good starting place, as are grandparents and siblings. Never ask for money from someone who doesn’t have a lot to give. Otherwise you’ll just end up transferring your tight money spot to them.
We’ve all dealt with someone who just needs a little money. No amount is requested and they don’t say what it’s for. Don’t be that person!
If you want to get what you want, you have to be specific. Tell the lender exactly how much you need, when you need it, and what you intend to use the money for. Only request the exact amount you need to get out of your current situation, no more and no less.
By being specific, you can instill a greater sense of confidence in the lender that their money is going to a good cause.
Part of being specific is being open and honest about repayment. If you intend to repay them in full, outline your plan for returning the money to them.
Don’t see how you can give them the cash? There are plenty of other ways to return their kindness! A few ideas include:
Make dinner once a week
Offer to watch their kids for free
Help them with chores around the house
Provide them with a service, like fixing their car
Get Your Finances in Order
You don’t want to have to keep asking for money, and your loved ones don’t want you to keep asking either! That means you have to get your finances in order.
You may have to stop buying frivolous items, save more, or make more money. You should do whatever it takes to be your own best investor so you never have to ask for money again.
Don’t let the discomfort of the situation keep you from getting the money you need to stay afloat. By asking mindfully and following these four tips, you can ask for what you need, increase the chances of getting it, and make the person you’re asking more comfortable in the process.
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