• Skip to main content
  • Skip to primary sidebar

Ask Liz Weston

Get smart with your money

  • About
  • Liz’s Books
  • Speaking
  • Disclosure
  • Contact

How to stop being the family ATM

August 14, 2017 By Liz Weston

If you want someone to stop asking you for money, the worst thing you can do is say no and then give in after persistent pleading.

Such “intermittent reinforcement” — granting a reward after an unpredictable number of requests — makes it more likely the person will ask for another handout than if you just said yes at the start, says Brad Klontz, a certified financial planner and psychologist in Lihue, Hawaii, who researches financial psychology. It’s the same dynamic that lures people to slot machines and lotteries.

Klontz doesn’t actually advise giving in. But he says understanding the psychology on both sides of what he calls “financial enabling” can help people change their behavior.

In my latest for the Associated Press, how to stop financially enabling your family.

Related Posts

  • Stop counting other people’s money

    Your neighbor pulls up in a sweet new ride. Your co-worker announces she’s taking yet…

  • Stop counting other people’s money

    Your neighbor pulls up in a sweet new ride. Your co-worker announces she’s taking yet…

  • Stop balancing your checkbook

    Think about how difficult it was to clean a house 100 years ago, or make…

  • Wednesday's need-to-know money news

    Today's top story: 6 great all-inclusive trips you can book this winter with points. Also…

Filed Under: Liz's Blog Tagged With: family and money

Primary Sidebar

Search

Copyright © 2025 · Ask Liz Weston 2.0 On Genesis Framework · WordPress · Log in