At some point, a friend or family member might ask you to borrow money. Although you want to help out, it might not be the best idea. This is especially true if you’re experiencing financial difficulty. Your best bet is to treat family loans like a gift. There’s a chance you might not get your money back. So it’s best to go into the arrangement with an attitude that if you get the money back that’s great, but if you don’t you won’t cut your loved one off because of it.