Archive for the ‘moocher’ Category
How to Deal With a Moocher
Do you have a kind heart and find it difficult to tell someone who is asking you for money that you need to stop? It can be very hard to tell a friend or family member that you cannot give them anymore money.
Dealing with a moocher can be stressful and hard on your health. One way to help you think about this difficult matter is the financial impact on yourself. If you are helping someone financially and you have an emergency, are you going to be OK? Do you have an emergency fund saved up? My recommendation is to have at minimum a year and a half emergency fund before even considering giving money. It is amazing how fast you can burn through it after losing a job or finding yourself in a medical emergency.
To you your friend or loved one may not seem to be a moocher. In fact, it may be a term that you have never applied to this person. But are they? Can you really afford to keep giving money to someone who constantly asks for it? Let’s say you are at work and are going to lunch and a co-worker constantly is leaving you to pay the bill? Or, all of a sudden they seem to innocently say, “Hey, I have forgotten my wallet, can you pay and I will pay you right back?” But, once you get back to the office, they never do. It can be an embarrassing situation for you and them. You may find yourself ending up paying just to get the embarrassment over. But, is it really fair to you who is working hard to pay for someone else. Isn’t it true that they are working too so they just don’t want to give up their money?
