How to Lend or Borrow Money

Whether you’re the lender or borrower, this guide to money etiquette will keep you out of sticky situations.

Lending and Borrowing

This article originally appeared on LearnVest.com.

We all know that times are tough, but it really strikes home when one of our loved ones asks us for financial help—or when we need to ask. It’s incredibly difficult to navigate the proper money etiquette if you’re looking to borrow or lend. As Shakespeare said, “Neither a borrower nor a lender be; For loan oft loses both itself and friend.” If your sister lost her job; is it your responsibility to step in? If your best friend has trouble paying rent, is it smart to help her out?

And then, there’s you. You’re a financially-responsible adult, but sometimes you’re simply in a bind. What’s the best way to ask for money, and what do you do when there are strings attached? The most important thing is to borrow and lend in a way that doesn’t ruin your relationships. Here’s how.