Most people don’t want to ask for money. It’s hard to admit to oneself that help is needed to get through the next few days. However, a few friends and family might constantly ask for help.

Although you want to help out the people you love, it might be better to refuse to lend someone money politely. If you need to reject a request, here’s how you can manage that situation.

1. Ignore the Pressure

It’s harder to decline a loan request from friends or family than a random stranger. You might even feel like they’ve backed you into a corner by pressuring for a fast decision. It’s okay to ignore those feelings. Take the time to make a wise decision by asking for 24 hours to think about it.

2. Be Firm and Precise

Don’t leave any room for doubt. You can tell someone that you’d love to help, but that you’re not in a financial position where you can lend any money. Your answer can be short and straightforward. If someone has a problem with that, it says something about them instead of being a reflection of who you are.

3. Don’t Make Promises

Some people offer a future promise to deflect the loan refusal. If you leave any hint that money might be available soon, that person won’t leave you alone. You’ll end up repeating the same conversation.

4. Adopt a No Exceptions Policy

If you don’t want to loan money to your friends or family, you cannot make any exceptions to that policy. When you offer help to someone and reject another, you can trigger a potential conflict. Have the courage to stand firm in your convictions.

If someone knows you have extra money, it can be tricky to turn them down. Honesty is always the best policy! That person might not like the refusal, but they’ll at least respect your integrity.