How much cash do you owe your parents

Serious Business Backup 58 replies 1,833 views
J
justhismom
Posts: 7
Mar 10, 2010 10:23pm
justincredible wrote: $0
darn - I was hoping you owed me some money that I had forgot about.....
Fab4Runner's avatar
Fab4Runner
Posts: 6,196
Mar 10, 2010 10:25pm
$2000. My stepdad paid for my car and I am paying him back. $340 or more each month.
F
fan_from_texas
Posts: 2,693
Mar 10, 2010 10:43pm
$0.
bcubed's avatar
bcubed
Posts: 410
Mar 10, 2010 10:51pm
$0! They did pay for college but it was only two years, and considering what they paid for my sister to go to college for 5.5 years they got off easy with me!
Apple's avatar
Apple
Posts: 2,620
Mar 10, 2010 11:05pm
$0 and I hope I never have to. I borrowed about $100 from mom when I was in college and you would've thought it was $10G the way she brought up every chance she could about how she helped me. After about 7 years I finally had to remind her that I paid her back 7 years ago and I wasn't going to thank her for it any more. That experience and also watching how she treated my siblings when they borrowed money from her has caused me to swear to never borrow money from her.
CinciX12's avatar
CinciX12
Posts: 2,874
Mar 10, 2010 11:49pm
Apple wrote: $0 and I hope I never have to. I borrowed about $100 from mom when I was in college and you would've thought it was $10G the way she brought up every chance she could about how she helped me. After about 7 years I finally had to remind her that I paid her back 7 years ago and I wasn't going to thank her for it any more. That experience and also watching how she treated my siblings when they borrowed money from her has caused me to swear to never borrow money from her.
What do you mean? She tried to guilt you into doing stuff for her because of the money she loaned you?
dwccrew's avatar
dwccrew
Posts: 7,817
Mar 10, 2010 11:53pm
I've never borrowed money from my parents. I stopped getting supported by them when I turned 18 (I didn't want them to, they certainly would if I needed help). I have always been self-reliant. Joined the military to help pay for college and I've been financially stable and comfortable for awhile now.
Cat Food Flambe''s avatar
Cat Food Flambe'
Posts: 1,230
Mar 10, 2010 11:54pm
Counter-question - How much do your parents-in-law owe YOU? :(
CinciX12's avatar
CinciX12
Posts: 2,874
Mar 10, 2010 11:57pm
Cat Food Flambe' wrote: Counter-question - How much do your parents-in-law owe YOU? :(
The In-Laws owe you money? What a sucker you are! Should have seen that one coming.
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FairwoodKing
Posts: 2,504
Mar 11, 2010 12:02am
I owed my parents more (in love and money) than I ever could have paid back.

I miss them very much.
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Ghmothwdwhso
Posts: 534
Mar 11, 2010 12:08am
gerb131 wrote: I borrowed about 5g's from my mom when I was 19. I finally paid her back the year she died which was 5 yrs later. I paid her around 100$ every month, give or take the month. Glad I did too, although it wasn't a big deal to her, it was to me.
Now my dad is a different story. I asked him to borrow 1000 for college books and such and he quoted me a 8.8% interest rate lol and said I had 6 months to pay him back. He ain't hurting for money either.
My question is how much money do you owe your parent/s?
Sorry to here about your Mother,it sounds like she was generous, but your Dad is teaching you about life.

He ain't hurting for money either. This comment concerns me. What have you done to earn the money that he has?

I didn't read beyond the original post, so I hope I'm not repeating.
G
Ghmothwdwhso
Posts: 534
Mar 11, 2010 12:12am
justincredible wrote:
Swamp Fox wrote: No money but a lot of much more important things.
Actually, this is a more accurate answer for me as well.
Perfect.

No money can equate to the experience/things that they have provided me.
justincredible's avatar
justincredible
Posts: 32,056
Mar 11, 2010 12:15am
justincredible wrote:
Swamp Fox wrote: No money but a lot of much more important things.
Actually, this is a more accurate answer for me as well.
justhismom wrote:
justincredible wrote: $0
darn - I was hoping you owed me some money that I had forgot about.....
Shoot, I might owe you money that I forgot about. :blush:

I had to update my answer after Swamp Fox posted.
G
Ghmothwdwhso
Posts: 534
Mar 11, 2010 12:20am
I can't believe how many people on here admit to borrowing money from their parents.!!!! WTF. Grow up and live your life.
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Ghmothwdwhso
Posts: 534
Mar 11, 2010 12:24am
DeyDurkie5 wrote:
slingshot4ever wrote:
gerb131 wrote:
slingshot4ever wrote: None. Grow up and use a credit card and take responsibility for your spending. Do your parents do your ironing for you too?
I think its one of the hardest things to do is get your finances in order.
Only if you get out of control to begin with. I have never found it hard to spend within my own limits.
Badass Mcgee over here...


DeyDurkie5 = Sadass, Lameass, Poorass Mcgee here.........
Apple's avatar
Apple
Posts: 2,620
Mar 11, 2010 12:39am
CinciX12 wrote:
Apple wrote: $0 and I hope I never have to. I borrowed about $100 from mom when I was in college and you would've thought it was $10G the way she brought up every chance she could about how she helped me. After about 7 years I finally had to remind her that I paid her back 7 years ago and I wasn't going to thank her for it any more. That experience and also watching how she treated my siblings when they borrowed money from her has caused me to swear to never borrow money from her.
What do you mean? She tried to guilt you into doing stuff for her because of the money she loaned you?
Yes. It was unbelievable.
S
SnotBubbles
Mar 11, 2010 8:16am
I owe my parents a lot of things, including money. I've only actually asked once, and that's been repaid. They offer...actually insist on paying for many things. My parents are great and I cherish every moment I have with them. I try to repay my dad with little things, like an annual trip to Wrigley, but I will never be able to repay my parents for everything they are owed.
Fab4Runner's avatar
Fab4Runner
Posts: 6,196
Mar 11, 2010 10:33am
It's funny to me that anyone would criticize someone for borrowing money from their parents without knowing any of the details. Every situation is different and every family is different. I don't feel bad or guilty about the money I owe my parents. They decided to help me out...they didn't have to do it. I am thankful they did and am paying them back just as I said I would.
Belly35's avatar
Belly35
Posts: 9,716
Mar 11, 2010 11:04am
My parents and my wife parents are gone. We never borrowed money from them however they both provide some funds when things were not going well early in our married and getting started.
We bought our first home (fixer -upper property) my wife father ….. sent us $4000.00, when we sold it two years later we sent him $4000.00 back…..that Christmas he gave it back to us a gift.

As a parent of 3 daughters, 4 grand kids ……….We stopped counting a long time ago.
All we ask is for them to be the best parents possible, best provide as possible and that is payment in full.
GOONx19's avatar
GOONx19
Posts: 7,147
Mar 11, 2010 11:10am
I don't owe them anything. But when I get out of school and find a steady job I'm gonna make sure they live comfortably until they pass away. It's the least I could do after all they've done for me over the years.
sleeper's avatar
sleeper
Posts: 27,879
Mar 11, 2010 11:25am
Bout tree fitee
FatHobbit's avatar
FatHobbit
Posts: 8,651
Mar 11, 2010 11:26am
I owe my mother a whole lot more than money. I think my dad and I are pretty even.
McFly1955's avatar
McFly1955
Posts: 1,441
Mar 11, 2010 11:36am
$0 for me, never have borrowed from them.
Laley23's avatar
Laley23
Posts: 29,506
Mar 11, 2010 12:03pm
Well, technically a lot. But it was always assumed they were paying for the stuff that they have.

-Mostly college, but also my first car and a few trips I took before I had a job. As soon as I have enough stored away I will stop asking my father to pay the student loans, as it stands, he is still paying me back every month for them.
LJ's avatar
LJ
Posts: 16,351
Mar 11, 2010 12:06pm
My dad said I don't owe him anything for my college, so in that case $0

If I did, that would suck, lol.