Understandably, you want the money that’s going to relatives and friends to be used to address the immediate family’s financial needs and goals. Have a policy in place (such as seeking each other’s consent) before spending major money on friends or relatives. Bonus tip: The rule of the thumb usually is that when lending relatives and friends money, be sure that it is money that you can afford to lose. After paying off your debts, you can direct all that money into paying yourself. Wairimu, NairobiIt is no longer possible to drag a spouse into a property debt acquired before walking down the aisle.

Source: Standard Digital March 09, 2021 21:00 UTC