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Do you ask your parents to pay you money back when they ask to borrow money?

Established Contributor

Re: Do you ask your parents to pay you money back when they ask to borrow money?

I'm lucky to have great parents. We took turns lending each other money and/or cosigning loans over the years as needed.. Always kept track of and paid back/paid on time.

 

 

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Regular Contributor

Re: Do you ask your parents to pay you money back when they ask to borrow money?

The only person I would ever co-sign anything for or loan money to is my father. I would never do it for a friend or a girlfriend. 

 

He's never asked for it, never would ask unless it was serious, has supported me during some tough times and paid for everything I needed until I turned 18, but he's getting older. If he ever needs anything, and it is within my ability to do so, I will provide it no questions asked. If he pays me back (which I'm 100% sure he would), fine. If not, I'm okay with that too. 

 

I owe him that much and the responsibility of caring for him is something I'm happy to take on, seeing as he did the same for me when I was incapable of taking care of myself. 




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Valued Contributor

Re: Do you ask your parents to pay you money back when they ask to borrow money?

I think it has to be situational. I would lend my brother money, and not ask to pay it back. He has good credit, just struggles financially because he doesn't have a good job and is working on his degree to become a math teacher. I would do the same for both of my aunts, as they both have good credit and I know they would never ask unless there was no other option. They've also both been there for me in my hard times.

 

My parents have terrible credit and steal from people, myself included. Giving them money would enable them, and whatever situation they got themselves into was definitely selfish and their own doing.


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New Member

Re: Do you ask your parents to pay you money back when they ask to borrow money?

I feel so conflicted when my mom asks for money because she has TERRIBLE spending habits, but she's sacrificed so much for me.

 

If I can afford to lose it then I give it with no expectations. If I'll miss it then I tell her I don't have it.

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Contributor

Re: Do you ask your parents to pay you money back when they ask to borrow money?


zumroff wrote:

They raised your ass. You dont ask them to pay you back.


Isn't that their entire job though? I mean, it's not like I willed myself into existence. It takes two and a very deliberate process to make a kid. 

New Member

Re: Do you ask your parents to pay you money back when they ask to borrow money?

hey what did you do to increase your credit scores from 500?

New Contributor

Re: Do you ask your parents to pay you money back when they ask to borrow money?

If my parents ever borrowed from me, they would insist on paying me back, and tell me not to argue about it and take their money.
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New Visitor

Re: Do you ask your parents to pay you money back when they ask to borrow money?

When I do not have money, my parents can borrow and do not expect that I will return them, and I also lend to my parents and do not wait for their return.

Valued Contributor

Re: Do you ask your parents to pay you money back when they ask to borrow money?


kingkai1990 wrote:

zumroff wrote:

They raised your ass. You dont ask them to pay you back.


Isn't that their entire job though? I mean, it's not like I willed myself into existence. It takes two and a very deliberate process to make a kid. 


I am guessing you don't have kids.

 

 

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