Faith & Finance

Rob West

Helping Family Members

March 28, 2020
00:00 25:00

It happens to most of us sooner or later: a family member asks for financial help. If your first thought is to write a check, then put down the pen a minute and ask yourself, “Is this helping or hurting?” A family member in need—regardless of the circumstances—provides an opportunity not only to help, but even to change the life of a loved one for the better. Financial planner and teacher Rob West has some great ways you can do that.

• Consider the circumstances that led the family member (or it could also be a friend) to ask you for money. Is this a short term problem or is it ongoing?

• Decide how you’ll help. You have two basic choices: a gift or a loan. Whichever you decide, make the terms clear to the person you’re helping.

• Scripture says the borrower becomes slave to the lender, so loaning money to family or friends changes the nature of that relationship. That’s why I think it’s better to offer a gift and be done with it.

• You could also give the person a job. That could be chores around the house or any number of things if you own a business. 

• What if the person asking for money is often in trouble or maybe this isn’t the first time they’ve asked for help? One option is to just say no. But it’s important to explain why. In a loving way, explain that you believe it’d do more harm than good by enabling the person to keep repeating the pattern.

• If you decide to help someone who’s often in financial trouble, decide how you’ll provide the money. If you can’t trust the person to handle it wisely, consider making a direct payment for a bill, if that’s the reason they’re asking for help. Or you could provide groceries instead of cash.

• You could also help (and perhaps help a great deal) by putting conditions on the money. Insist that the person sit down with you to go over their finances to make up a budget and to develop a plan for saving and paying down debt.


On today’s program we also answer your questions:


• I have an after-tax annuity about to mature. I retire in five years. Should I take it out and put it into something more stable?

• When you take the money from your IRA that you’re required to take when you’re 71½, do you tithe on that?

• What are the primary contributors to my credit score?


Ask your questions at (800) 525-7000 or email them at Visit our website at where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

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About Faith & Finance

Faith & Finance is a daily radio ministry hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio program Faith & Finance heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


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