Loans & Interest


6 Things to Consider Before Lending Money to Your Adult Child

Financial loans between family members can cause conflict, rifts, and debt…and they can also be a show of trust, encouragement, and support! Here’s what you need to know about lending money to your adult child – and how to protect yourself from a financial disaster in your family. This article was inspired by a reader […]

family loans adult children

Sample Contract for a Family Loan

Sample Contract for a Family Loan – Easy Yet Legal

In my article about lending money to a boyfriend, a reader asked for a sample contract for a family loan. Whether you’re lending money to a boyfriend or a family member, you need to get the details of the financial agreement in writing. Here’s what my reader wrote on What to Do When Your Boyfriend Asks […]


How to Deal With Your Money Problems

These practical and emotional tips for dealing with money problems will help you cope with the stress of financial debt. Some of my suggestions are practical tips on how to deal with money problems; others are emotional ways to flow through this stage of your life. In The 21-Day Financial Fast: Your Path to Financial […]

How to Deal With Money Problems

son borrows money, doesn't repay

When Your Stepson Won’t Repay the Money He Borrowed

Are you caught between a stepson borrowing money and a wife enabling him? These tips are inspired by a reader who lent his stepson money and can’t seem to get it back… “Help! I have a stepson who is 34 years old,” says Gerry on Should You Lend Money to Family Members? “Jack grew up […]


How to Say No When Someone Asks You for Money

Saying no isn’t easy, but it’s almost always a mistake to lend money to friends or family members. These tips on how to say no nicely when someone asks to borrow money will help you politely decline their request. “Let today mark a new beginning for you,” says Stephanie Lahart, author of Overcoming Life’s Obstacles: […]


Ways to Save Money

How to Know When Not to Loan Money to Someone

These signs will help you know if it’s smart to loan money to someone you’re close to – a friend, partner, family member, or coworker. I wrote this because a reader said… “People who do not lend money to friends are selfish, period,” says E. on Should You Lend Money to Family Members? Warnings and […]


Is Paying Off the Mortgage Early A Good Idea? It Depends

Sometimes paying off the mortgage early is a good idea, and sometimes your money is better spent elsewhere! Here are six questions to ask before committing yourself to being mortgage-free within the next couple of years …. “With consumer revolving debt balances declining nationwide and home values flat, some homeowners are considering paying off their […]

Early Mortgage Payment Plan

How to Repair a Bad Credit Rating After Paying Credit Card Debt

If you’re debt free thanks to good financial planning (such as debt consolidation), you may now wonder how to repair your credit report. These tips for repairing a bad credit rating are based on a question from a reader who worked with a credit counseling service to pay off her debt… “Four years ago I turned […]