my aunt wants to borrow money from me?

Question

i thought she wants to used that money for emergency.....but she kinda slip and i find out that she just want to send that money to my cousing for his bday......which is a big deal for me....first of all i'm not sure if she will ever pay that money or not? my mom told me that my aunt never pay her back everytime she owed money from her...also i'm a single parent no one help me financially.

what should i do?

Answer 1

Neither a borrower nor a lender be!

Just tell Auntie, "I'm so sorry, but being a single parent money is very tight and I don't have any to spare."

Answer 2

You only have to spend about 5 minutes watching those People's Court reruns on tv to see that baaad things happen when friends, relatives, and lovers lend each other money. I agree with those who have posted that your ultimate concern should be your child, and since you are a single parent, you should communicate that to your aunt. Tell her that although you feel bad that she's having a hard time with money, she needs to respect you and your child enough to understand that you need what you have.

As much as I love all of my family members, I would never loan a substantial amount of money unless I had them sign a contract that they would pay me back in a certain amount of time. At least then I'd know there would be some proof of what they owed me.

Answer 3

I wouldn't lend it to her. Especially knowing that she doesn't pay back "loans" from family. She's putting the touch on you because she knows what the answer would be if she asked your mom again. Now your aunt is hoping that you and your mom don't talk about these things.

Plus I wouldn't worry about what your aunt will think of you if you refuse to give her the money. Obviously she doesn't care what her own sister thinks of her when she doesn't pay back money that she owes her, so I doubt that she is concerned about the feelings of family members anyway.

Answer 4

You have two choices here: one is to politely decline to "lend" the money by saying something like "I'm sorry, I'm not in a position to lend any money right now to anyone, because my own budget is very tight." Or, you can recognize that she is never going to pay you back and give her the money as a gift, being very clear in your communication when you do. In other words, if you give her the money, say, "this is not a loan, but a gift." That way you won't be resenting it when she follows her usual pattern and doesn't pay you back.

Good luck!

Answer 5

listen to the first responder. Kja63 "Never a Borrower nor lender be."
i can't believe your aunt is hitting you up for money. Say no. And she knew this bday was coming up, why did she not save up for it? She's being irresponsible. Spending her money on other things and counting on your money.
Your aunt should be ashamed of herself.

Answer 6

I wouldn't, especially if it's family. If you loan money to family members and they don't pay you back, it could lead to fights law suits, and bad blood. Just tell her that you don't have the luxury of loaning money, you are a single parent, so it's understandable.

Answer 7

You need to let your aunt know that she can't borrow from you. you are not the person that she should always turn for help because you are in a sitiuation and need the money. Unfortuanatly it may not sound great but thats what you have to do.

Answer 8

i'd say dont do it. My mother borrowed mony from me about a year and a half ago and I still havent seen it. To top it off, she paid for some concert tickets and now says I owe her money. Well, I learned and think you should to... NOT TO EVER LET FRIENDS OR FAMILY BORROW MONEY UNLESS YOU KNOW THEY WILL PAY YOU BACK AND HAVE PROOF!!!!!

Answer 9

I think your Aunt's track record speaks for itself. Your mother never got paid back, and for that reason only, you should not loan your Aunt any money.

Answer 10

Tell her money is tight and she should try handling her own financial issues for once. Or get a job that pays.