Suze's Rules for Lending Money
Rules for LendingIf someone asks you to lend them money, think before you act. As much as you may want to help out a friend or family member in need, there are several rules you should follow before you hand over any cash.
Financial expert Suze Orman lays out her 10 rules for lending money - rules she says must never be altered. They will help you determine if you are in a position to lend or give money, and if so, how to go about doing it.
"Live by [these] rules and one day you will be happy that you did," she said. Read ahead to see Suze's must-follow rules for lending or giving money.
See the slideshow: 10 Rules for Lending Money
1. Have No Credit Card Debt
Never, ever, lend or give money to anyone if you owe money on your credit card. "If you have credit card debt, you need money," Suze said. "You don't have the money to give to somebody else."
2. Have an Eight-Month Emergency Fund
It's important to have an eight-month emergency fund before parting with your
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