One of the first tips on asking for financial help is determining if you truly have a need. If you're having cash flow problems, it's easy to panic and hastily make decisions. But if you step back, calm down and fully assess the situation, you may realize that the issue isn't as bad as it seems. And sometimes, you can handle these problems on your own after a brainstorming session. For example, rather than running to your mom or dad because you're short on your rent, speak with your landlord and ask for a reasonable extension.

Some people hesitate asking for financial help because of pride. They feel that they should be able to handle their own finances. But even if you work hard and make responsible decisions, you may run into hardship from time to time. Everyone experiences this, and there's no reason to be ashamed or embarrassed. In fact, the very person you ask for financial help might need your help in the future.

If you need financial help, be selective in who you approach. For example, you can decide only to approach those who might have disposable income. And if you want to keep your situation private, you might avoid getting help from known gossipers or those who have loose lips.

Since this individual is lending their personal funds, they deserve an explanation. Don't just ask someone for money; let them know your plans for funds. Maybe you need cash for an emergency car repair, or perhaps unexpected expenses pop up during the month causing you to be short on your rent or mortgage. The more information the person receives, the more likely they'll be willing to help.

Most people don't have a lot of money to give, so make it clear that you plan to repay any funds you borrow. Be completely honest about your ability to repay. In other words, don't say you'll pay them back in a few days if you know it'll take a month or longer. Also, get any agreement in writing. This protects both of you and alleviates misunderstandings.

If someone's willing to lend their personal funds, be gracious. Don't take the money and run. Let this person know that you appreciate their help. Not only should you repay funds, think of other ways to show your appreciation, such as cooking a meal for the person or offering your time in other ways.

Not only should you establish terms for the loan, also do everything possible to pay back the person as soon as possible. Even if they say there's no rush, the sooner you pay back the funds the better. To make this happen, you might have to make a few sacrifices of your own. For example, you might avoid buying anything extra for yourself until you've erased the debt.

We all need financial help from time to time, and sometimes asking for a loan is the only way to get through a tough jam. What are other tips for asking for financial help?