Lending money to a friend or family member can put a strain on the relationship if you're not careful.
Often, close friends or family members may be aware of the things you're spending money on, like clothes or vacations, and make judgements about what you can or can't afford.
But it's important to remind yourself that no one knows your money better than you, Evans says.
Give what you can affordDirectly saying no when a friend or family member asks for money can be hard, especially if you've loaned them money in the past.
Say a friend asks to borrow $100, but you know giving them the full amount would significantly impact your budget.
Persons:
Aja Evans, Evans, you've
Organizations:
CNBC