Do you have a kind heart and find it hard to tell someone asking you for money that you have to stop them? It can be very difficult to tell a friend or family member that you can no longer give them money.

Dealing with a moocher can be stressful and hard for your health. One way to help you think about this difficult issue is the financial impact on yourself. If you help someone financially and you have an emergency, won’t you be okay? Do you have an emergency fund saved? My recommendation is to have at least a year and a half of emergency funds before you even consider giving money. It’s amazing how quickly you can burn yourself after losing a job or being in a medical emergency.

To you, your friend or loved one may not seem like a robber. In fact, it may be a term you’ve never applied to that person. But are they? Can you afford to continue giving money to someone who constantly asks for it? Suppose you are at work and going to lunch and a co-worker constantly leaves you to pay the bill? Or, all of a sudden, they seem to say innocently, “Hey, I forgot my wallet, can you pay and I’ll pay you right away?” But once you get back to the office, they never do. It can be an embarrassing situation for you and for them. You may end up paying just to end the embarrassment. But, is it really fair for you to work hard to pay for someone else? Isn’t it true that they also work because they don’t want to give up their money?

Once you start giving to a freeloader, it can be very difficult to get them to stop. Some of us don’t even have the heart to tell them no. My recommendation is to limit contact with moochers for a while. I also recommend that you do a thorough review of your own finances. When you see that giving can end up hurting you or that you really can’t afford to support someone else, it can help you muster the courage to tell them you can’t help. It is important to consider your own financial situation and be honest with yourself. It’s good to have a cheerful heart, make sure it doesn’t hurt in the end.