There will always be plenty of emotional arguments for wanting to lend the money, but in the end there are just as many ways you can help someone out without straining, or even destroying a meaningful relationship.

So resist the urge, and find a better solution without digging the debt hole deeper.

Ever loaned money to a friend or family member? Did it work out or not? Tell me about your experience in the comments.

Article originally published on Celebrating Financial Freedom. Used with permission.

Dr. Jason Cabler is a Christian personal finance blogger, author, and speaker. He teaches how to get out of debt and live a debt free lifestyle through his Celebrating Financial Freedom blog and self study course. His book How to Budget: The Quick and Easy Guide to Making a Budget That Works is now available (more info here). He can be reached for interviews or speaking engagements by email, and can be found on Twitter, Facebook, and Google +.

Publication date: October 9, 2013