With the cost of living increasing, around 77% of Americans are anxious about their financial situations.
Most people have been there at some point or another. If you’re out of options, you may need to ask your family or friends for help. But this is usually an awkward and uncomfortable situation.
Knowing how to ask for money politely can help make the situation easier for everyone. Keep reading to learn how to do this.
Think About the Format of the Conversation
The general rule of thumb when asking to borrow money is that you should have the conversation in person. This way, you’re able to look the person in the eye, and it can make it more personal.
But sometimes, this isn’t an option. If you don’t have time to set up a face-to-face meeting, then you should spend some time crafting a well-written message to send them.
It’s going to be an awkward conversation. Accept that from the beginning, and stay calm throughout the discussion.
Explain your situation. Explain what you need, why you need it, how soon you need it, and how long until you should be able to pay it back.
Explain Your Plan
Something that can help people feel more comfortable with loaning or giving you money is if you can explain how you’re planning on getting out of the situation.
When you’re in financial need, you use the money to solve an immediate problem. But it’s good to have a plan to explain what you’re going to do once you’ve bought yourself some time with the money your loved one gives you.
This makes them more comfortable with the idea that you’ll be able to give the money back or won’t need to ask for more again soon. Most people are happy to help you out once but worry that if they do it once, they’ll be expected to do it again and again. Make it clear that this won’t be the case.
Don’t Force Them
If your loved ones don’t have the money to spare, or if they do, but for whatever reason, don’t want to give it to you, that’s their choice. Make peace with the fact that, when you ask them, it doesn’t mean they can or have to say yes.
If your loved ones can’t help you with some emergency money, it might be time to look into getting a loan. Check out Loanz for more information.
Know How to Ask for Money Politely
Once you know how to ask for money politely, you can ease your financial burden and make the whole situation a little less uncomfortable. The person you’re asking will be happier to help you, and you’ll feel less awkward about asking.
This can be the difference in helping you get some breathing room to get your finances in order.
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