It can sometimes be really difficult to offer financial support to those who need it most. Not because you don’t want to help them, but because giving support gifts can make them feel incredibly awkward and uncomfortable. There are many reasons for this, but occasionally support gifts can be perceived as an insult to their independence and a suggestion that they can’t be self-sufficient, even if they’re just struggling at this moment.
There is nothing shameful about needing help and support, after all, everyone does sometimes. Everyone has the potential to fall on hard times and at Give 360 Support, we want to help remove the awkwardness of people financially supporting each other. If you’re looking for some advice about how you can offer support to someone you care about without making them feel uncomfortable, then this blog post can help you. These are our top tips for giving support gifts and financially supporting those who need it most.
Money doesn’t have to be a big awkward conversation and if you go in with the right attitude, it won’t be. Try to keep the conversation light and easy, and avoid pressing for details about what your loved one needs financial support with. You can guarantee that the more questions you ask about their financial situation, the more uncomfortable they will be accepting your support gift. So, try to keep the conversation short and remind them that you are there to help them and not to shame them or judge their choices.
There are times when loaning money to a family member or friend is the right choice. However, holding a loan over someone can easily destroy a relationship. The expectation of repayment can make things more awkward, which is the last thing that you want from your financial support. If you’re able to, you should aim to give money as a gift, expecting nothing in return. This will help to keep everyone comfortable, including yourself.
Not asking your loved one to pay you back can actually help you to avoid financial trouble as well. It can be tempting to give more than you can afford when you’re offering a loan because you know you’ll be getting it back in the end. This can put a strain on your own future finances and budgeting. When you choose to offer a gift, it will make you think about how much you’re giving and encourage you to be sensible. We would even suggest that you offer a small amount every month, rather than a lump sum payment, because it has a gentler effect on your finances.
This is a brilliant choice for anyone who is looking to provide financial support to friends, family or even members of their local community. Our accounts are designed to remove the awkwardness of financial gift-giving by sharing the burden amongst a group of people. Support group members can even provide donations anonymously, taking away the feeling of ‘indebtedness’ that can often come when money is involved. Instead, those who need it most can simply have a reliable source of income until they’re in a better financial position.
If you’re interested in finding out more about Give 360 Support and how our accounts work, then feel free to get in touch with us today. We would be more than happy to help you financially support someone you care about and we can provide you with any additional information you require about our platform. Remember, talking about money doesn’t have to be awkward or uncomfortable, you just have to go about it in the right way.