When it comes to money management, you would be surprised to find out how many people just suck at it, and those who don’t have a penchant for finances have to borrow money now and then.
Maybe you weren’t all that bad at managing your money. Maybe it just so happens that something came up and you were put in a tough spot.
Whatever the reason, you’ve found yourself in a moment of need, and you’re looking for some good excuses to borrow money from friends or family to help you get out of a financial hole.
Luckily, you’re in the right place. Here are 12 good excuses to borrow money from friends and family.
How to Increase Your Chance of Hearing ‘Yes’
Before we unload the excuses, here are some things you’ll need to consider to maximize your chance of hearing ‘yes’ from a potential lender.
Now that you know how to increase your chances of hearing ‘yes,‘ here are 12 good excuses to borrow money that can be used with friends and family.
Excuses to Borrow Money From Friends
Borrowing money from friends can be a double-edged sword.
While repayment may be more flexible than a bank and you are more likely to get the loan, borrowing money from a friend can cause tension in your relationship.
Keep in mind the risks to your friendship that come with asking for money. If you decide your friendship can handle the risk, here are 7 good excuses to borrow money from your friends.
Excuses to Borrow Money from Family
While you have the option of borrowing money in your time of need from friends or family members, you will probably find that closer family members will be more willing to help you when it comes to your finances.
This particular group will likely have more patience and understanding regarding repayment, too.
Here are 5 excuses to borrow money from family.
This article is full of great excuses to borrow money from friends or family, and you can use any of these that fit your situation.
Just make sure that, before you use any of these excuses to borrow money, you have a way to pay it back!