Money, as they say comes and goes. Oftentimes, it does not even suffice to all the expenses that a family incurs every month. This is the reason why there are so many people who keep borrowing money from lending companies, friends, and family. If their situation of needing to borrow is difficult, so is the situation of the one being asked for money especially if his situation is almost as bad.

There are times when our finances allow us to lend money. However, there are also those times when it is difficult to make both ends meet. But more importantly, with the diminishing value of money, we have to more careful about lending it to people even if we know them.

So the next time someone comes to you and asks for some spare, do these things first and avoid being on the losing end.

1.Know what it is for. Ask the person as to where and how he is going to spend the money. Is it for an emergency use like a family crisis? Is it for their children tuition fee? Or is it for luxury? Is it to sustain a vice?

If the reasons are the first two, then it may be alright to lend the money as this for an important cause. However, if it is for the second, you may want to consider giving it more thought. Or better yet, refuse the request directly. You may as well spend that money for your own use and help this person stop his vices.

2.Follow the old proverb. According to Lao Tzu, “give a man a fish, you feed him for a day; teach a man to fish, you fee him for a lifetime”. In the same way, instead of simply lending money, you can tell the person to work for the money that you will lend.

3.Help the truly needy. There are times when luck is so elusive to some people. And these are those that really deserve your help. For example, if someone got into an accident, has no insurance, has two kids who go to school, and cannot be employed for the next 6 months, then, by all means, give the money. Don’t just lend it. Then, try to contact some agency or friends who are also willing to give their help to the needy.

4.Make special and creative solutions. Problems cannot be simply solved by lending money. If there are better ways, then use these.

Cash Advance Also Lends Money

If you think this person deserves help but you, yourself, are not able to give money, then, refer him to Cash Advance, Australia’s leading provider of online payday loans. The borrower simply has to be 18 years old and above, with a checking account, and a job to pay back the loan.

It can simply be accessed through the internet by opening www.cashadvance.com.au. The good thing about this company is that it does not require any collateral and does not mind any default on the credit history of the borrower.