My uncle has borrowed money from me twice now…?
My uncle has borrowed money from me twice now…?
A few weeks ago my uncle questioned to borrow a substantial amount of money from me (over $1000). He said he had to pay his rent and taxes, plus a lot of other bills and he really needed the money. I felt sorry for him and he said he had no one else to turn to but me, so I lent it to him. I learned later that he had somehow learned of the money that was left to me in my grandfather’s will (which, by the way, is to be used for school). I guess he figured that since I received a lot of scholarships and grants, that I wouldn’t be needing that money straight away. He did pay me back within the two weeks that he had promised.
Today, though, he came over and told me that his taxes are due and that he’d have to borrow the same amount of money from me again. I have to admit I’m a small worried that he’s going to become financially dependent on me every time he can’t pay his bills. I feel this is incorrect, as I’m a student and still unemployed. I don’t really have any income – just the money I’ve saved up for my education. I don’t want to betray my own family member, but how do I tell him (nicely) that he shouldn’t keep coming to me whenever he can’t meet his financial obligations? I guess he figures it’s okay since the first time he borrowed money from me, he paid it back when he said he would.
Any advice appreciated… thanks in advance.
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Tags: amount of money, education, family member, financial obligations, financing option, fixed rate private student loan consolidation, grants, home equity loan lowest rate, interest rates, lent, Loan Calculator, loan period, scholarships, thanks in advance









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