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?
rule number one is never to disclose how much you're earning to your relative. It will remove any form of entitlement from them because ones they know how much you re earning, it's going to be very difficult to refuse giving them money since they already know you have the money.
But if you've already given them the money, it's always very difficult to take it back because most of them wouldn't even want to give you back. Whenever I give a relative money, I just convince myself that they won't be paying the money back. If they pay it back, it's good but if not, I meuve