Said no to lending her $3.5k 💸

Choosing an expensive college without a clear financial plan can put significant strain on families and friends alike. The decision to attend a $65,000 per year college, especially when more affordable options exist, often leads to financial stress and difficult conversations about money. Lending money to friends can blur personal boundaries and may enable poor financial decisions if not managed carefully. When someone asks to borrow money, it’s essential to assess not only their financial situation but also the likelihood of repayment and the impact on your relationship. Prior lending history, such as an unpaid $8,000 loan during a divorce, can be a red flag indicating that future repayments are uncertain. Setting money boundaries is crucial to maintaining healthy relationships. It’s okay to say no—especially when the request follows significant financial assistance that has not been repaid. Saying no is a protective measure for your financial well-being and emotional health. College debt and financial struggles related to higher education costs are common issues many families face. Encouraging exploring scholarships, grants, or more affordable schools can be better long-term solutions than providing direct loans that may not be repaid. In summary, assessing your financial boundaries, understanding the emotional context, and evaluating the specifics of the request enable you to make informed decisions when faced with lending money. This protects both your finances and friendships from possible strain caused by unmet expectations or unwise financial choices.