Khaberni - Many people may find themselves, at some point, compelled to ask a family member for money; a sensitive situation that may be accompanied by a great deal of embarrassment and confusion. And since this experience is more common than we think, financial experts provide a series of practical guidelines to avoid embarrassment and preserve family relationships.
According to a recent report by "Bloomberg", the way we present our request for financial help can radically change the outcome, between smooth acceptance... or embarrassing rejection.
Abandoning "strong persuasion tactics"
Financial consultants indicate that many families, especially those that include wealthy members, are used to receiving money requests. When someone feels that you are "pressuring" or "selling the idea" insistently, they may immediately go into a defensive and rejecting stance. The golden advice here is: "Explain your situation simply and clearly, without exaggeration or pressure, and let the other party determine the appropriate amount based on the relationship and ability."
Avoid assumptions about your family's wealth
One of the biggest mistakes many make, according to experts, is assuming that relatives are "wealthy" just because they own significant properties or assets. However, the truth is that cash flow may be weak or almost nonexistent, despite owning large assets. Therefore, experts advise starting with a financial understanding session to clarify the picture for both sides, instead of assuming what you do not know.
Review your expenses before asking for money
Financial advisors stress that asking for money should be the last resort, especially given the globally rising living costs. However, part of the problem may be linked to personal financial disorganization - and not just rising prices. Thus, if you find yourself in a situation of asking for money, it might be time to reassess your expenses and lifestyle.
Gratitude.. a fundamental condition for maintaining relationships
Even if the money comes in the form of a gift and not a loan, gratitude remains an essential element. This could be through a symbolic gift, assistance, or even nice communication that signifies appreciation. Experts confirm that mutual gratitude is what protects the relationship from tensions that may arise from sensitive financial situations.
Last rule: Avoid asking for money as much as possible
Experts emphasize that the best way to avoid the embarrassment of asking for money is not to get there at all. This requires better financial management, a realistic budget, an emergency fund, and controlling excessive spending. Experts also see that financial independence is not a luxury, but a means to protect family relations from tensions.
