Reply
New Contributor
Posts: 96
Registered: ‎06-13-2014
0

Re: "Why I lie to my parents about how much money I make"

I do this too. My mom gets very upset that I ''never have any money''. Really tough when I live in the house with her. Granted, I pay HALF the rent. The issue is that she feels ''entitled''. She's one of those people with good credit (700s), bad finances. She doesn't have a savings account at all and always barely scurbs by. I warn her about keeping money, but she feels like ''eveyrthing is an emergency''. She had a car that she paid off....then guess what? She got another one. Now she's ''struggling'' in a lose sense of the word. She has some money left over, but is still paycheck to paycheck. 

 

 

I like to protect the both of us. She claism that I'm ''focusing on too much on my credit''.  What she doesn't realize is that my credit score is messed up because I kept thinking of her. No more. Not that I won't help, but sheesh. Ever ''bailout'' turns into another financial crisis. 


Starting Score: 600-6/13
Current Score: 660-EQ-7/4 TU: 656
(WM) 670EQ Plus
Goal Score: 700

Take the myFICO Fitness Challenge


Goal Cards: AMEX PRG, AMEX Everyday, Discover IT, Chase Freedom, Amazon Rewards VISA, Best Buy CC. Chase Sapphire Preferred® Card
Moderator
Posts: 7,714
Registered: ‎01-15-2009
0

Re: "Why I lie to my parents about how much money I make"


kingkai1990 wrote:

I do this too. My mom gets very upset that I ''never have any money''. Really tough when I live in the house with her. Granted, I pay HALF the rent. The issue is that she feels ''entitled''. She's one of those people with good credit (700s), bad finances. She doesn't have a savings account at all and always barely scurbs by. I warn her about keeping money, but she feels like ''eveyrthing is an emergency''. She had a car that she paid off....then guess what? She got another one. Now she's ''struggling'' in a lose sense of the word. She has some money left over, but is still paycheck to paycheck. 

 

 

I like to protect the both of us. She claism that I'm ''focusing on too much on my credit''.  What she doesn't realize is that my credit score is messed up because I kept thinking of her. No more. Not that I won't help, but sheesh. Ever ''bailout'' turns into another financial crisis. 


You definitely have to take care of yourself before you can put yourself in the position to help others. Remember your long term goals and things will fall into place in your mind the way they are supposed to. :smileywink:

New Contributor
Posts: 96
Registered: ‎06-13-2014
0

Re: "Why I lie to my parents about how much money I make"


KennyRS wrote:

kingkai1990 wrote:

I do this too. My mom gets very upset that I ''never have any money''. Really tough when I live in the house with her. Granted, I pay HALF the rent. The issue is that she feels ''entitled''. She's one of those people with good credit (700s), bad finances. She doesn't have a savings account at all and always barely scurbs by. I warn her about keeping money, but she feels like ''eveyrthing is an emergency''. She had a car that she paid off....then guess what? She got another one. Now she's ''struggling'' in a lose sense of the word. She has some money left over, but is still paycheck to paycheck. 

 

 

I like to protect the both of us. She claism that I'm ''focusing on too much on my credit''.  What she doesn't realize is that my credit score is messed up because I kept thinking of her. No more. Not that I won't help, but sheesh. Ever ''bailout'' turns into another financial crisis. 


You definitely have to take care of yourself before you can put yourself in the position to help others. Remember your long term goals and things will fall into place in your mind the way they are supposed to. :smileywink:


Thanks for the support. 

 

I'm not trying to sound arrogant, but I'm pretty good a predicting when a big event will occur that wipes out are finances and the cycle continues. Getting' real tired of having to bail people out and mess up my score. 


Starting Score: 600-6/13
Current Score: 660-EQ-7/4 TU: 656
(WM) 670EQ Plus
Goal Score: 700

Take the myFICO Fitness Challenge


Goal Cards: AMEX PRG, AMEX Everyday, Discover IT, Chase Freedom, Amazon Rewards VISA, Best Buy CC. Chase Sapphire Preferred® Card
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.