New research from the Federal Reserve Bank of Richmond finds that there are real imbalances in family financial support. While many people would want to help their loved ones out of a tight spot, creating financial boundaries is important. When you’re financially secure, you’ll be in a better position to help your loved ones going forward. In fact, some recommend never lending to family or friends and seeing any money you give to loved ones as a gift. Be upfront about your boundaries with loved ones.