Hello to all,
It's very common in the relations that they take financial advantage of you. It can be a credit card, wanting control, money, gifts, and property, or your bank balance accounts. Sometimes it's very difficult how you can respond to those relatives who taking your financial benefits. I wanna share some useful steps that may help you to stay safe from your relatives.
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STEPS
Figure out their attention
While talking out to your relatives it's important to figure out the thing before you gonna agree or disagreed to help them out. If you can't help him financially it's okay to say no. Financial discussions are a very sensitive topic so you should figure out their request for money where they want to spend and what will they give you back at the exact time at which they decided to give you back money.
Keep them accountable
For securing your finances is important to take action while holding yourself accountable. Make a payment plan while lending money to your relatives, set a date for money back and the other keep them in accounting. Keep track of your money via dates and amounts, in that way, you will be secure from any misunderstanding.
Set clear boundaries
It's very essential to set clear boundaries between relatives if you're comfortable with them taking advantage of you. Say to them in clear words that you are willing to help them on time and they give you back money on promises.
Tell them No
Say no if you can't able to help financially even in their critical time. You don't have to be guilty if you can't help them because you have a right to say no or yes. But if they pressurized your behalf on saying no then you give them some clarification that why you said no.
Invest in your relative
Make an investment plan if you want to financially help your relative like in their business or education. It will give you a way to have some secure future investment. For example, if your relative wanted to have to make a restaurant or yoga studio and they want some investment from you then you can make an investment plan with them for the future.
Provide a way to earn money
If you can't help out financially to relatives then give them some financial advice on how they can earn easily even staying at home. It's also one of the best ways you help them financially independent and enough strong.
I hope you understand the way how you can deal with them for this purpose. Thank you 馃槉