Asking Eric: I want to loan money to a struggling friend, but don’t want to offend them

In today's Asking Eric column, R. Eric Thomas responds to someone who wants to help a friend struggling financially, but isn't sure how.All of us but one is now retired and she is hoping to retire soon at age 73. She’s continued to work as she’s worried about not having sufficient funds during retirement. The other two have to pinch pennies a bit and many decisions are made based upon cost.

I’d like to make their lives easier by helping them out financially. Even $10,000 would allow the still-working one to pay off her car loan and thereby retire with a higher level of security and allow another to reduce her mortgage. Your friends’ pride can, too. They’ve already shared enough of their financial realities with you that you’re aware of some of the worries and the needs. This indicates that they see you as someone safe and trustworthy.

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Asking Eric: My parents keep asking for my help with their mortgageShould this letter writer continue to help family with their mortgage and other expenses?
Source: washingtonpost - 🏆 95. / 72 Read more »