There’s nothing more rewarding than saving up and making a major purchase like a boat, summer home or sports car. But what happens when family or friends ask to use them? What’s the best way to respond?

In this week’s edition of “Financial Etiquette with Randy Cohen,” the author, humorist and original The New York Times “Ethicist” tells you what to do if you find yourself in this situation. 

Financial Etiquette with Randy Cohen has caught the attention of publications like The Wall Street Journal, The New York Observer, and The Salt Lake Tribune. For more tips from Randy Cohen and Ally Bank,  click here, or visit us on Facebook or YouTube.

What do you do when people ask to borrow your belongings? Who are you willing to lend your property to?