How To Break It To My Mom?

M

Morgan Lynn

Active Member
Urca said:
Ok so i already mentioned i was getting 2500 in financial aid in about two weeks. well, my brother and i had a long talk today, and im loaning him 1200 bucks so he can get a car. the bank wouldnt give him the loan, but he needs a car really bad.
his old car went out on him, and now he has to take my dad's car to his work, but the thing is my bro works full time so my dad never gets to use his own car.
he and i agreed on a payment schedule of 100 bucks a month until im paid back.

my mom is gonna flip though, idk how to tell her. any ideas? she's gonna be pissed
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Haven't you heard the rule?

Never lend large sums of money to friends or family. Never. Period.

http://www.moneycrashers.com/why-you-should-not-lend-money-to-friends-and-family/
 
M

Morgan Lynn

Active Member
It's just a bad idea. I know you love him and you want to help but what happends when he doesn't take the payment seriously and it ends up being a "gift". Trust me, famlies think money is a play toy between each other then all of a sudden mom is taking brothers side dad is taking your side and you're in court.

Plus, I don't think you should spend your government grant on anything but school related material. Buy a new computer or paper or a printer or even clothes for tits sake just don't give it away. That money comes from tax payers pockets- respect it. I got a few grants for school too. I got a new laptop, a printer, and stocked up on ink and paper. You can even use it for rent or gas to get to and from school. Giving away money means you don't need it and you shouldn't have applied for so much money.
 
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