Tips on avoiding financial decisions that can backfire

How many times have you made a financial decision that backfired in the end? Maybe you intended to be helpful or the decision was made quickly, without thinking about negative ramifications. Whatever the initial circumstance, you regretted your decision later.
Think twice before you find yourself in the following situations:
Lending money to a family member or friend
According to a recent article in Forbes, nearly three-quarters of people who borrow money from friends or family never pay the loa