Would you lend your son money late pay day

Lily_The_Legend

victory wrote: »

Thank you, punishing him no, just please delay it so that when you do get paid it is all there for the taking:D

I see what you mean. But if he pays you back when he gets paid, it's still from his first pay packet. Or are you worried he'll drag out paying you back?

elsien

I'd lend it to him as well - seems to me that you're overthinking things a bit. He's already earned it, he's not borrowing an advance as such, as it's already on it's way and won't affect the next months wages. I don't see the problem.

victory

Hermia wrote: »

I would lend it to him. If the son was completely !!!!less and always running out of money or spending it on trash I wouldn't lend it as a lesson. But the lad has had this happen through no fault of his own and it is a special occasion. I agree people need to live within their means and generally think lending to family/friends is a bad idea. But surely most people have occasionally let someone borrow a small amount when there has been an emergency?

Thank you hermia but you see I don't qualify this as an emergency like I previously posted sure if he needed I don't know a bus pass to get to work, done, if he needed clothes for his job done, if he needed lunch money done...:D

Tropez

victory wrote: »

I see what you are saying and would agree that a card makes total sense, we had some, we never managed to pay them off in full, we got into debt, we suffered, the cards went, the horror of it all we have never replaced them, we have an unused mastercard 'in case of emergencies' but have never thank God used it and it stays in the draw, to go back to that no thanks.

I can understand why credit cards scare you, given your history with them. However, you have to bear in mind that no matter what, your son is likely to get a credit card at some point in his life (I say likely, as there are no certainties) and I think the benefit of your negative experiences with them would be good for him to learn. There's both positive and negatives to having cards, as I'm sure you're aware and it could be worthwhile at the very least to go through this.

Of course, this is getting away from your original question so as I've said, I don't think there's too much wrong with helping him out on this occasion.

victory

elsien wrote: »

I'd lend it to him as well - seems to me that you're overthinking things a bit. He's already earned it, he's not borrowing an advance as such, as it's already on it's way and won't affect the next months wages. I don't see the problem.

Well he has, he is lending or borrowing or owing from what he will get paid no?

He won't come out with his whole wages when he does get paid, he will have already a deficit.

victory

Tropez wrote: »

I can understand why credit cards scare you, given your history with them. However, you have to bear in mind that no matter what, your son is likely to get a credit card at some point in his life (I say likely, as there are no certainties) and I think the benefit of your negative experiences with them would be good for him to learn. There's both positive and negatives to having cards, as I'm sure you're aware and it could be worthwhile at the very least to go through this.

Of course, this is getting away from your original question so as I've said, I don't think there's too much wrong with helping him out on this occasion.

Thank you, it was many a moon ago but I can still feel the intensity of being paid and owing paid and owing and would not wish it on my worst enemy.

Sure he will get a credit card, I did, OH did half the nation has, so far he has not wanted to get one.:D

Tropez

victory wrote: »

Well he has, he is lending or borrowing or owing from what he will get paid no?

He won't come out with his whole wages when he does get paid, he will have already a deficit.

But he would have the same available funds as he would have had at the same point in time were he paid when he was supposed to be.

If he was due to be paid £500 and he had planned to spend £100 he would have £400 left over. If he borrows that £100 from his dad and pays it back when he gets paid his £500 in two weeks time, he'll still have £400 left over.

victory

Lily_The_Legend wrote: »

I see what you mean. But if he pays you back when he gets paid, it's still from his first pay packet. Or are you worried he'll drag out paying you back?

No not at all we know he will pay it no probs, he has told us when, we trust him, that is not the issue, just don't want him to owe, I want him to celebrate all he wants, spend on clothes, go to the pub, do whatever but at least have the chance to have it all on payday and not owe.

lostinrates

I'd lend it I think.

In fact, I'd probably give it in return for a household task that could be done in a weekend day.

victory

Tropez wrote: »

But he would have the same available funds as he would have had at the same point in time were he paid when he was supposed to be.

If he was due to be paid £500 and he had planned to spend £100 he would have £400 left over. If he borrows that £100 from his dad and pays it back when he gets paid his £500 in two weeks time, he'll still have £400 left over.

Yes he would yes but he will owe eg £100 less so to start off with he will as you say £400 instead of £500