What’s the best way to help a family member in financial trouble?

When a family member or close friend needs financial help, your first instinct may be to do whatever you can to ease their pain.

But instead of handing over cash or a credit card, financial experts say it’s important to look at your own finances first.

“It’s an emotional choice,” says A.B. Ridgeway, a certified private wealth advisor in Lafayette, Louisiana. “Let’s step back and make sure we protect ourselves, too.”

Here’s how you can help a loved one who needs aid without damaging your own financial stability:

Consider your own finances

“Start with knowing your own numbers,” says Emi Gjini, a certified financial planner and founder of MyGen Planning in Chicago. “Check your own budget and savings. Make sure your emergency fund and retirement contributions are on track.”

Once you know