»»» Podcast Links and Show Downloads
https://www.moneytalksnews.com/howto...

According to the Census Bureau’s Household Pulse Survey, 25.6 million people borrowed from friends and family this year, up from 19.1 million a year ago.

So here’s the question: If a friend or family member came to you for money, would you give it to them?

It’s been an issue for hundreds of years. Take this line from Shakespeare's Hamlet: “Neither a borrower nor a lender be; For loan oft loses both itself and friend.

And it’s true. A Bankrate survey found that nearly half of those who lend to friends and family say it doesn’t end well.

So, when you’re approached, or are about to approach, what’s the right way to do it? That’s what we’re going to talk about today.

I’m your host, Stacy Johnson. As usual, my cohost is financial journalist [Miranda Marquit](https://www.moneytalksnews.com/author.... and show editor [Aaron Freeman](https://www.moneytalksnews.com/author.... Our special guest this week is [Lynnette KhalfaniCox](http://LynnetteKhalfaniCox.com), known as America’s Money Coach.

»»» Subscribe to Money Talks News here to watch more videos: https://www.moneytalksnews.com/youtub...

»»» Connect with us online:
Like Money Talks News on Facebook:   / moneytalksnews  
Follow Money Talks News on Twitter:   / moneytalksnews  
Sign up for the Money Talks Newsletter: https://signup.moneytalksnews.com/

»»» About Money Talks News:
Our goal is to help you reach your goals by telling stories that matter to you. Stories that offer specific advice on saving more, spending less, investing, and avoiding debt – without making your eyes glaze over.

»»» Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.