“Do not be one of those who shakes hands in a pledge, one of those who is surety for debts; If you have nothing with which to pay, why should he take away your bed from under you?” (Proverbs 22:26-27).
“Learn to make your needs your wants” is sound financial advice and is the straightest path to contentment (1 Tim. 6:6-7). When your needs are your wants, the likelihood of borrowing money—and then having a life of financial slavery to debt (Prov. 22:7)—is all but eliminated. This is good, very good.
Your aversion to debt ought to include both personal borrowing and being a co-signer for anyone else. The decision to be a third party to a debt usually results in you becoming the second party. That is not the party you want to be a part of.
If you cannot gift the money to the person in financial need, do not foolishly enmesh yourself in their world of poor stewardship and unwise decisions. Do not allow someone else’s irresponsible behavior bankrupt you.
Sound advice; T.B. Larimore gave the same wise counsel.