In this world, there’s a wide range of financial variety among people. Some end up millionaires, others are comfortable, and some families struggle to afford the necessities. While you might not be in a position to help someone in need financially, you can be of assistance in other ways. Here are five ways you can lend a helping hand:
- Find Lending Options
Sometimes, a lack of knowledge and education can be why a friend or family member ends up in financial strife. Why not help them find fast cash loans to tide them over? It’s not uncommon for an unexpected bill to throw a family member’s financial train off the rails. If you can help them find a responsible lender with flexible repayment terms, they’ll be back on their financial feet in no time.
- Help with Child Care
In a recent New York Times survey, over 60 percent of respondents felt that child care was too expensive. Over a lifetime, average American parents will spend over $230,000 on care and related costs until that child is 17. The figure doesn’t even include college! You may not be able to help your friend or family member with money, but you could be in a position to with care.
Even if you can offer to take the kids for a couple of days after school, or at another convenient time for both of you, you could be saving those stressed-out parents a fortune.
- Prepare Meals
The United States is one of the most expensive places in which to dine out. In fact, eating in the United States is by no means affordable at all for those who are experiencing tough financial times.
You can help ease the burden by being generous with your food. Invite them over for dinner or go to their house with dinner ready to warm in the oven. You would be amazed at how you can make their groceries go further if they get one night off cooking.
- Put Job Feelers Out
The median household income is at a record high, but that doesn’t mean every family is in the same boat. If your friend or family member doesn’t have the best job security or paycheck, then put feelers out. You may be the reason they can improve their financial situation. Sometimes, it’s about who you know, not what you know.
- Be a Listening Ear
Not having enough money to lead a comfortable lifestyle can make anyone embarrassed. They might feel like they have to hide it, be ashamed of it, or live beyond their means to make it seem like everything is okay. One of the best ways to help a family member or friend is by making sure they know you’re there for them.
Be that listening ear they desperately need, swap stories, and offer advice that may have helped you when you were in the same boat. You aren’t making light of the situation, but you are helping them feel like they’re not alone.
Helping a friend or family in a desperate financial situation doesn’t have to involve money changing hands. Help them find the best lending options, be a form of support, and even break bread together. All it can take is a bit of compassion and an “I’ve been there” attitude for the struggling family member or friend to see the light at the end of the tunnel.
