Money from parents...

  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 3:11 AM GMT
    Have you ever had to ask for money from your parents as an adult? How much did you ask for? Why did you need it?

    I admit, I was totally financially independent until late last year after my break up. I needed some fast cash ( no, I couldn't bring myself to pimp myself out) to help move out and get back on my feet so I asked to borrow a few hundred from my dad. Always felt guilty about asking for money from anybody.

    Well? What about you???
  • deep388

    Posts: 859

    May 16, 2013 3:17 AM GMT
    After I finished university and graduated, I was still living at home and flat broke. When I managed to land my first job at 23 years old, I slowly stopped asking for money and started providing board money while I stayed at home (which my parents refused). Since then, I have never asked or gone back to them for help with money issues. They'd be my last resort.
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 3:36 AM GMT
    I hate asking for money.

    As an adult, I've had to ask on multiple occasions that my parents help out with my schooling. They are more than willing, but it still kills me on the inside.
  • HottJoe

    Posts: 21366

    May 16, 2013 3:39 AM GMT
    Just tell your dad $79 a month is worth it for the pole dancing lessons alone.
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 3:44 AM GMT
    No, I have never asked my parents for money. When I was an undergrad, I gave up several extracurricular activities and worked part time to cover my expenses. After graduation, I had an entry-level job that had a low salary and I struggled until I was promoted. I was living on $20 a week and there were too many times I went to McDonald's and ordered from the dollar menu. Throughout those struggles, I had too much pride and never asked my parents for $$.
  • EJ994

    Posts: 87

    May 16, 2013 3:50 AM GMT
    Well I'm only 19. Moved out for college last August, left school before the end of the semester due to financial issues (I didn't prepare enough - huge wake up call), and I didn't want to go back home. Moved to my home state, and had to stay with my dad and save up money before going back to college. Well, that didn't work out and I ended up coming back home in March. It sucks.

    I've never asked for money as I've had a job to pay for whatever I needed, but I've needed help from both of my parents and they've given it to me. It makes me feel less independent, and like a burden on others. I guess it's weird to feel that way when parents, and family in general, is supposed to be there through thick and thin. I just don't like being too dependent on others. icon_neutral.gif

    Thankfully I'm getting back on my feet after a stormy year, and soon I'll be leaving home for good and without any financial issues unlike last time.

  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 3:56 AM GMT
    Erik101 saidNo, I have never asked my parents for money. When I was an undergrad, I gave up several extracurricular activities and worked part time to cover my expenses. After graduation, I had an entry-level job that had a low salary and I struggled until I was promoted. I was living on $20 a week and there were too many times I went to McDonald's and ordered from the dollar menu. Throughout those struggles, I had too much pride and never asked my parents for $$.


    But who paid for your college?
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:14 AM GMT
    jmusmc85 saidHave you ever had to ask for money from your parents as an adult?

    No, my parents simply gave me money, there was no "asking". They knew I wasn't making any real money as an Army Officer, so they supplemented me so I could live properly and not be a pauper. As they did with my younger sister, though she's far richer than me from other sources.

    All my cars were bought by them. Except one time, when I bought a car myself with a GMAC loan. They were so horrified by my taking a loan that they arranged, the next time I visited them, to have a GMAC VP come to their house in person, without letting me know beforehand, who cancelled the loan with their payment for the car. They ordered me to never buy a car with a loan again, and I never have, in all the 30 years since.

    My parents didn't go to business offices, rather they arranged for people to come to them. Not mega-rich, they nevertheless had influence and connections, enough that business was conducted at their home, not at someone else's office.

    They also gave my sister & me credit cards, and also gas station cards, something you don't see much these days. I never used them, but my sister did. Our Father paid for the gas for her cars until the day he died, when she was 44.
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:16 AM GMT
    jmusmc85 said
    Erik101 saidNo, I have never asked my parents for money. When I was an undergrad, I gave up several extracurricular activities and worked part time to cover my expenses. After graduation, I had an entry-level job that had a low salary and I struggled until I was promoted. I was living on $20 a week and there were too many times I went to McDonald's and ordered from the dollar menu. Throughout those struggles, I had too much pride and never asked my parents for $$.


    But who paid for your college?


    Mostly through scholarships, a couple of grants and l had a small fed loan to get me through my last year.
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:19 AM GMT
    My dad's been dumping tens of thousands of dollars into my bank account every year to lower his income taxes. Keeps telling me I can't touch it, even though technically it's mine now icon_lol.gif But I've already been self sufficient for a couple years now.
  • HottJoe

    Posts: 21366

    May 16, 2013 4:30 AM GMT
    pingpong saidMy dad's been dumping tens of thousands of dollars into my bank account every year to lower his income taxes. Keeps telling me I can't touch it, even though technically it's mine now icon_lol.gif But I've already been self sufficient for a couple years now.


    I bet I can guess who this is!!!
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:42 AM GMT
    It's gauche to ask parents or others for money. Nor should they expect the same from us.

    I would get a second or third job,start liquidating my assets and penny pinching to pull through.

    I've always found those that approached me for money were too f...ing lazy to work.
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:47 AM GMT
    26mileman saidIt's gauche to ask parents or others for money. Nor should they expect the same from us.

    I would get a second or third job,start liquidating my assets and penny pinching to pull through.

    I've always found those that approached me for money were too f...ing lazy to work.


    Well sorry Mr. Perfect!!!

    I'll remember to never ask for a favor from you....icon_confused.gif
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:48 AM GMT
    ^^ Well, you've got one thing right!
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:51 AM GMT
    26mileman said^^ Well, you've got one thing right!


    Off topic:


    What do you think of my hair? icon_biggrin.gif
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:52 AM GMT
    jmusmc85 said
    26mileman said^^ Well, you've got one thing right!


    Off topic:


    What do you think of my hair? icon_biggrin.gif


    It's terrific!
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:55 AM GMT
    I've supported my mother since I was 14, and still do. I really wish I could ask for money sometimes, but we have to work with the cards we are dealt.
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:56 AM GMT
    26mileman said
    jmusmc85 said
    26mileman said^^ Well, you've got one thing right!


    Off topic:


    What do you think of my hair? icon_biggrin.gif


    It's terrific!


    ¬°Gracias!

    That means "You bring honor to family" in Spanish!!!
  • Posted by a hidden member.
    Log in to view his profile

    May 16, 2013 4:59 AM GMT
    pingpong saidMy dad's been dumping tens of thousands of dollars into my bank account every year to lower his income taxes. Keeps telling me I can't touch it, even though technically it's mine now icon_lol.gif But I've already been self sufficient for a couple years now.

    I had a different experience. My Mother had told my sister & I that she had set aside millions for us. But when she died suddenly of a heart attack at 75 her standard will left everything to our Father, except for small token amounts for us, drawn when we were just children. She evidently thought she would outlive him as being 6 years her senior, but that didn't happen.

    Our Father went wild with the money. We thought it might have been revenge against our Mother, as we knew he resented our Mother for being wealthier than him. And she was very tight with money, which was mostly hers. About which I must admit she often taunted him, even in our presence, that she had all the money, not him. Well now he had his revenge.

    He had a string of mistresses (even at his age money will buy you anything), bought them homes and took them on luxury vacations, went to Vegas and acquired a gambling habit that lost him millions.

    My sister & I discussed taking legal action, to have him declared incompetent. But that's expensive in itself, the outcome uncertain, our own position suspect. We decided to let him have his way, as both of us didn't need the money. (I could sure use it now, though)

    When he died 4 years after our Mother the estate was depleted, and we each received only a few hundred thousand dollars, not the millions our Mother had promised us. But the ultimate insult came during his funeral.

    My sister & I invited his last mistress to ride with us in the funeral home limousine to his internment in the mausoleum alongside our Mother. In the car she actually told me our Father had made cruise ship reservations for the 2 of them for the next month, and asked if she could have her ticket so she could still take the cruise by herself!

    If that wasn't bad enough, she also said our Father had told her he would give her a fortune in his will, and requested would I make sure that would happen. She's telling me this as we're in a funeral procession to bury our Father! I thought my sister & I exercised the utmost in restraint in not throwing her out onto the sidewalk then & there.

    Needless to say I gave her nothing (as my Father's legal Executor of his estate) since his will made no mention of her, or of any other of his mistresses. My sister & I got almost nothing, of the millions our Mother had promised us. I still love my late Father, he was a great dad, but in this thing he screwed his children, and ignored his wife's wishes regarding her fortune.
  • Posted by a hidden member.
    Log in to view his profile

    May 17, 2013 3:37 AM GMT
    ^
    My mother always warned me: "You better hope I don't go first!"

    My dad would always declare "You better hope I don't go first!"

    They both loved telling me that they planned on leaving all their money to The Roscoe Foundation ("Roscoe" being their dog).

    I've heard variations on your theme over the years. Apparently, that sort of thing - mom dies, dad blows money on women and gambling - happens a lot!
  • hawkeye7

    Posts: 565

    May 17, 2013 3:51 AM GMT
    HottJoe saidJust tell your dad $79 a month is worth it for the pole dancing lessons alone.


    so true, and its great when your Mom finds one of your work thongs.
    Honey where do you wear this? Why do you have motorcycle boots? you don't have a motorcycle. then try to explain a harness
  • Posted by a hidden member.
    Log in to view his profile

    May 17, 2013 3:57 AM GMT
    We sort of help each other in my family. We've all gone through rough patches and we've all been on the giving end. We just take care of each other the best we can.
  • Posted by a hidden member.
    Log in to view his profile

    May 17, 2013 4:13 AM GMT
    Ah yeah lol
  • LJay

    Posts: 11612

    May 17, 2013 4:23 AM GMT
    After college, I never wanted or took anything from my parents. I felt they had done enough. I was always worried that they did not heave enough in their old age. As it turned out, they were not exactly wealthy, but they had everything they needed and wanted and more. I am glad for that even now that they are gone.

    Frugality helps. I was talking to my brother yesterday and he said that he still has a legal pad that Dad kept. It showed every penny coming in or going out. As a depression kid, I know he took great pride that he was able to die with every bill paid and no debts at all and to leave the three of us something. He was doing a very nice job of putting money in the bank from the money not spent out of his social security payments!
  • SFTigger

    Posts: 34

    May 17, 2013 5:15 AM GMT
    My father and I had a rocky relationship until I started earning my own money and became financially independent (of him, anyway).

    My mother was always a near-pauper. In an odd way, it was a relief to have her die while she was still working; it meant that the family didn't have to have the awkward conversation about how to support her.