What is your policy around loaning money to family? Cardi B says she used to spend $3 million a month on 'family tax'
Cardi B recently appeared on The Latest with Loren LoRosa, where she opened up about the financial pressure that comes with being the wealthy person in the family. She spoke about the so-called 'family tax' the expectation that when you make it big, everyone around you benefits.
Cardi says she's helped one relative move five times, and eventually had to tell them to settle up! She's also made it clear that just because she has money doesn't mean family can constantly come to her for new clothes, cash or handouts.
It raises an interesting question: When it comes to lending money to family, where do you draw the line?
Do you happily help your family because that's what family is for, or do you have strict rules about lending money, including expecting every cent back? And what happens when they don't pay you back?
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