How To Ask For Money Politely and Get the Money
If you are looking to ask for money politely
or not, these are the steps to take. I have never seen anyone turn down my
money request. Most likely because I know the psychological tricks that come with asking people for money and making
them give you.
This is also applicable if you are trying to use some of these formats on your clients. It will help you know how to
construct your message.
Asking for money can be awkward, especially if you not asking from a loan. Whether you are requesting a family
member or a friend, you will need to come up with good reasons why you need the money, or you wouldn’t get
anything from them.
Even if you have urgent needs, you will end up getting nothing if you aren’t polite with your request. Being polite
could get you just precisely the amount you need, or you could end up with free money.
While going for a loan would make things easier, you should still know how to ask politely. In this article, we have
listed the right steps to take when asking for money from a family member or a friend. You can follow these steps
when asking for money through a text message or in person.
Before making your request, make sure you understand their financial situation. If they are having economic issues,
then you should not persist in requesting money as that will be inconsiderate.
How to Ask For Money Politely- 7 Steps To Take
Money for Make-up Vs Money for Food, who will earn more?
Nobody wants you to ask them for money; I still don’t know the reason, but it is true. Being formal while asking for money
, yet maintaining an emotional side is your best shot.
So the steps below will guide you to avoiding being too logical as well as emotional while asking for money. Instead, you
’d be polite, also firm in your request. Trying to ask for cash politely? Here are the steps to take;
Start With A Greeting
If you’re asking money from your parents, you should typically start with a greeting; however, if you are requesting from
your siblings or friends, it’s time to get extremely polite. Beginning with an address like “hi” is way better than “hello.”
Depending on your closeness to them, you can go a step further to add salutations that you know will make them warm up
to you. When trying to solicit for money from a sibling or friend; your first impression counts. Based on your impression,
they will decide if they want to sacrifice their money for you whether or not you are requesting for a loan.
Appreciate Them
It’s most likely that the person you are asking a loan or free money has assisted you in the past. If so, then you should
make sure you remind them of such assistance and appreciate them for it even though you have done that before.
This is to make them warm up to you and remove the awkwardness that comes with asking for money.
Explain your current situation and why you need the money
If you have been able to use the first two steps above, then it should be easy for you to pull through with this step. You can
start by explaining your current situation when they inquire about your welfare. To get their sympathy, you would
compare it to how you were previously and watch out for signs of interest or remorse.
Then you can go ahead to talk about your plans to escape your situation. Make sure you tell them why you need the money
and always try to gain their sympathy rather than feel entitled to the favor.
Strike a Bargain
This might not be among the key ways to ask for money politely, but it would increase your chances of getting the money
. If there is something you can also offer to your lender, then it is also lovely.
If you are not thinking of paying the money back, then this would help you in your request for money. So when
considering how to ask for cash politely, adding an offer to your request would help your cause.
There are several examples of how you could chip in an offer during the discussion;
“John I sincerely need money to survive these few days before my paycheck day. I understand how difficult things are,
but I have no other option.
I can help manage your website for some time; instead of paying a designer to help you, please send me the money.
I will offer you the same service at that price instead.”
An average human with sympathy will most likely agree to your request. You haven’t only touched his emotional side;
you have shown him how to get the money to pay you. It works; you should try it out.
Talk about repayment
If you plan on repaying the money, then you should talk about refund next. It’s best to talk about the amount you need
and why you need it before jumping into repayment plans. Bringing up a repayment plan will give them enough space to
think about your request and decide if they want to help you or not.
Your repayment plans should be realistic and short. Most people, including family members, want to be paid as quickly as
possible. If you have once defaulted on a previous loan, then you would have to come up with good reasons why they
should consider your request.
The person you’re asking for the loan might want to make changes to your repayment plans if it doesn’t suit them. Rather
than rejecting their differences, you should take it as a positive sign that they’re interested in lending you the money.
Hear their views on your repayment plans and allow them to make as many changes as they want. After that, you can go
ahead to explain to them how possible it is to achieve the new plans. Don’t stick to their repayment plan if you think it’s
unrealistic or you might end up defaulting on payment, which would affect your chances of receiving help from them in
the future.
“My paycheck comes on the last day of every month. I just need a little cash from you about 300 dollars to settle my
debt till then. Once I get the money, I will pay you immediately.”
I think you will get the money with this method of request.
Appreciate their thoughts on your request
This step is where you thank them in advance, but if you end up with a situation where they are unable to lend you any
assistance, you should still appreciate them for their time. While that wouldn’t get you anything, it would open ways for
you to receive support from them in the future.
Allow them to think about it
No matter how urgently you need the money, you should always give them enough time to ponder on your request.
Remember, they are sacrificing their money for you so you shouldn’t expect them to part away with it immediately.
How much time should you give them? Well, that would depend on the urgency your needs demand. If you need the loan
as soon as possible, you can try to chip in different words to pass the message across politely.
However, two days – 1 week should be enough time for them to think about your request and decide if they are going to
consider it.
Keep An Open Mind
Okay, you just asked for a loan, and you expect them to reply you with a yes or a no. However, some friends or family
members would have other ideas that would help you get the money or solve your problems without offering you a loan.
You should always keep an open mind and appreciate their ideas, even if the plans wouldn’t solve your problems.
Conclusion
Asking for money from a family member or a friend is entirely different from asking from a bank. There are no forms to
fill, no collateral required, and they will hold you to your word.
However, just like bank loans, your request can be denied. In a case like that, you should just appreciate their thoughts
on your application and continue to relate with them whether or not they offer to help you in the future.
Those are the steps to ask for money politely, and if you can use the right words (like please, I hope, I believe, I don’t
mean to burden you, etc.), you can quickly get money from anyone close to you.
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