Comments on: Owing Mom and Dad: Debt or Gratitude?

By: basicmoneytips

basicmoneytips — Wed, 02 Sep 2009 01:29:42 +0000

My parents helped me as they good in college and I was very greatful.

I plan to help my children as much as I can as well. College costs have gone up and salaries have not kept paced. It is hard for students to repay thousands of dollars of debt when they start out making maybe 40K to 50K on average per year. I do not want my kids to have that burden over their head if possible.

By: David Weliver

David Weliver — Tue, 01 Sep 2009 21:16:23 +0000

Thanks for the post, Susie! I agree with Paul 100%. I’m not bothered at all by young adults still accepting help from their parents as long as they appreciate it and show gratitude. (Younger generations can take all the help we can get starting out in life).

I am, however, occasionally shocked and appalled by 22, 25, even 29-year olds who send routine bills home to mom and dad every month but live like they’re self-made millionaires. One can only hope it will catch up with them sooner or later.

By: Paul

Paul — Fri, 28 Aug 2009 14:35:11 +0000

Great post Susie, I think all that matters is ones attitude towards the assistance. From your post it is obvious that you were able to make the best of it and not put your parents in the poor house all the while staying extremely appreciative of what they did.

What bothers me the most is when I learn that someone I know receives assistance and they seem to not have an end game. They just add this money into their “budget” as though it is income and not a safety net put in place to allow them to do something exceptional, like follow their dream as you did.

I think when it comes time for me to decide how I will help my children I will take the approach your parents did and put a time line on it.