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billclay
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07-06-2019, 11:00 AM
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Bank of Mum and Dad

Have you ever been asked to indulge your offspring with loans of gifts of money to help out. My son has a small business, he quite often is waiting for invoices to be paid and runs short of money to cover expenses, so we have to help out with loans, no such luxury for us as our parents were quite poor working class people, it seems kids today are perhaps living beyond their means, what do you think ?.
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Pyxell
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07-06-2019, 11:05 AM
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Re: Bank of Mum and Dad

Originally Posted by billclay ->
Have you ever been asked to indulge your offspring with loans of gifts of money to help out. My son has a small business, he quite often is waiting for invoices to be paid and runs short of money to cover expenses, so we have to help out with loans, no such luxury for us as our parents were quite poor working class people, it seems kids today are perhaps living beyond their means, what do you think ?.
It might be that he isn't managing his cash flow well enough.
Could he get some advice on that, perhaps?

Having said that, some customers can be notoriously bad at settling their invoices.
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swimfeeders
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07-06-2019, 11:09 AM
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Re: Bank of Mum and Dad

Hi

I am paying my son's medical bills.

I am happy to do so.
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realspeed
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07-06-2019, 11:48 AM
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Re: Bank of Mum and Dad

yes if one can afford to
When we had a business we asked for a non returnable deposit first. Maybe your son should do the same. Final payment in cash to stop cheques bouncing, learnt that very early on when we started out
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07-06-2019, 11:54 AM
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Re: Bank of Mum and Dad

Absolutely nothing unusual about that ,billclay. I have, still do, and will continue to do so when they get into difficulties, which is getting to be annoying now.

As the balance depreciates, I have to think about my future years, so I'm pretending to be poor... sadly, it's still not working !

They went to university and that's when it started. There are loads of mum's and dad's in the same position.
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07-06-2019, 12:05 PM
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Re: Bank of Mum and Dad

I have lived beyond my means in the past but would never dream of asking my parents for money. I would rather go to debtors prison.
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07-06-2019, 12:15 PM
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Re: Bank of Mum and Dad

I never had kids .. and never regret it. It's one of the few things I've got right in Life.
Whilst I realise any parent would never be without their offspring I just never can figure out how you've afforded them .. especially when, as adults, they still cost you.
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07-06-2019, 12:16 PM
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Re: Bank of Mum and Dad

Originally Posted by Longdogs ->
I have lived beyond my means in the past but would never dream of asking my parents for money. I would rather go to debtors prison.
Hi

My son was attacked, no fault of his, developed epilepsy as a result.

He cannot work at present, so yes, I am fine about it.

I would only spend the money on flash holiday's and other things I do not need.

I am not going to be over the Inheritance Tax Threshold.

I object to 40% of my money going to some I know who have never worked.
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07-06-2019, 12:17 PM
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Re: Bank of Mum and Dad

Originally Posted by Morticia ->
I never had kids .. and never regret it. It's one of the few things I've got right in Life.
Whilst I realise any parent would never be without their offspring I just never can figure out how you've afforded them .. especially when, as adults, they still cost you.
Me neither Morty, I'm happy with with my pets.
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07-06-2019, 12:22 PM
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Re: Bank of Mum and Dad

Strange to think how back in our grandparents generation it was the norm that their children 'looked after them in old age' ... as my own Uncle did. He never left home and took care of his mum till the day she died.

How times change.
The shoe is on the other foot and the world is full of full-size grown up kids still been weaned by mum and dad.
Will they ever bail out their own kids in future years to come?
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