So this morning I get a call from my Dad that wakes me up, and he's asking for a loan of £250 that I'll get back in two weeks. I can afford it, and I know he can return it, but I said no. Was I wrong?
My parents have always spent money as fast as they could get it, and they lost everything and got into a lot of debt because they ran a business and when my dad took ill the whole thing collapsed.
Over the last few years I've helped them financially to not need to pawn heirlooms, pay a months mortgage, cash to 'spin' as they put it (they buy stuff at auctions and sell it for profit). I don't have a problem helping them when they need it, but I didn't earn much, my contract at work ended last Thursday, and what I've saved I've done by self control and not spending more than I can afford (and maybe a bit of psychological trauma from watching their fall from grace).
Thing is recently they sold their house, downsized, and outright own their property now. I don't know where the money goes. My dad wanted the loan to buy some old clocks at an auction so he could sell them and make money. I said yes, but phoned back and told him I wasn't comfortable loaning money unless he really needed it; that I wasn't running a loan service, and if he couldn't afford them he shouldn't buy them. I just don't want this borrowing to become a commonplace thing. I'd like them to learn to live within their means. Was I wrong to deny them a a bit of money when I know I'll get it back? I
Submitted April 07, 2018 at 05:41AM by HoodedMongrel https://ift.tt/2qbEFrr
