How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you. How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?
The best thing to do is to give them the amount that wouldn't be a problem to you,so that if they can't pay back,you wouldn't be who worried about it. Another way is to set a trap for them by borrowing them whatever amount of money that they asked. If they can't pay you back,then you can use the previous unpaid debt as an excuse.
I have borrowed some money from a friend but each time I think of my debt, it baffles me and the moment I get paid,I will quickly pay them back and if it is a huge sum,I will pay part of it. Borrowing is not good for someone who wants to have financial stability. I know of a friend that lives his life on borrowing and paying back with interest,but he is not living a comfortable life because he uses majority of his income to clear part of his debts as the interest keeps on increasing.