Daughter Dialema

maganan

difficult, you want to help short term by loaning money but you also want to help long term with budgeting skills.

if the holiday is abroad how about loading a prepayment card safer but when its gone its gone.

whatever you decide might be worth getting her to set up a monthly spread sheet for her income and expenditure and this will allow her to set money aside for going out, holidays etc and the repayment to you, she can then carry this on at uni to budget the loan lump sum for the whole term. I know I'm considerably older but having finally faced up to my situation this has helped me no end and I've got my 2DD (at uni) doing the same, DS1 is still work in progress but youngest DS is very clued up and saves very well, so fingers crossed

good luck whatever you decide

kate x

MattSS

judi24 wrote: »

Obviously she hasn't had the best teacher but I don't want her to fall into the trap of borrowing money to fund her lifestyle.

I just want to give you a little pat on the back here. YOU GOT YOURSELF OUT OF DEBT
:T :grouphug: :money: :beer:

That makes you a great role model for a daughter who hasn't yet grasped the importance of budgeting and living within her means. You changed and she can/will too.

Seems like your daughter will have left today for her holiday with money you have leant to her so I'm offering no advice or opinion there but do think you should follow up on her return on the advice here and your own suggestions to do a simple SOA and spending analysis RE her forthcoming uni life to help her understand exactly what she'll need going forward.

Best of luck

Cerisa

(just to top it all her dad told her he couldn't help cos he'd payed me! forgot to tell her he hadn't paid anything for 12 years!)

Did you tell her that? He also needs to realise that that CSA money was not for holiday spending money or anything frivolous - it was a small drop in the massive contribution he should have been making to essentials for his daughter - that he couldn't be arsed to pay before!