04/08/2013 11:28 am ET Updated Dec 06, 2017

Should You Lend Money To Friends Or Relatives? From Jean Chatzky (VIDEO)

When a friend or family member is in need of some financial help, should you give them a loan? Money expert Jean Chatzky weighed in on this tricky question when she joined me on Mondays With Marlo. It's usually not a good idea to lend money, Jean said, because things get awkward when that person doesn't pay you back. Instead, if you can afford it, give that person a gift -- with no expectations of being paid back. For more on Jean Chatzky's Money School, visit her website.

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Money Tips From Jean Chatzky

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