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Your Money: Don't become dependent on government assistance

Dave Ramsey: When government assistance is necessary, it's OK to take advantage of the programs that exist, but be careful and don't become dependent.
BY DAVE RAMSEY Published: January 28, 2013
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Marie

DEAR MARIE: I'm afraid I don't have anything to give you that will make your sister grow some integrity and character. I used to tell my kids when they were younger not to bust the trust, because that kind of thing is very hard to put back together.

I'd be pretty upset about this, too. Still, obsessing over it isn't going to solve anything. And really, when it comes right down to it, you opened the door for this to happen. You really have no one to blame but yourself.

If it were me, I'd do whatever it took to pay this off quickly. Put in additional hours at your job or find some part-time work at night and on weekends for a few months. Somewhere along the line I'd also leave my sister a message saying I know she's not going to pay this, but that everything is forgiven.

I call something like this “paying your stupid tax,” and it's something that all of us have had to pay at one time or another. Learn from the experience, Marie.

Loaning money to family or friends can damage the relationship. Keep in mind, too, that she's probably going to come back around wanting money at some point again. But I'm guessing you won't make the same mistake twice, will you? The First National Bank of Marie is closed.

Email questions for Dave Ramsey to davesays@daveramsey.com.