We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Borrowed money

victory
victory Posts: 16,188 Forumite
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
misspiggy wrote: »
I'm sure you're an angel in disguise Victory :)
«1

Comments

  • CRANKY40
    CRANKY40 Posts: 5,948 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud! Name Dropper
    Put it away so that the next time he wants to borrow some and pay you back later it's there. Getting the things he wanted was reward enough, and now you know how honest he is, you'll be happy to do it again for him. What a good lad, you must be so proud of him!
  • Tropez
    Tropez Posts: 3,696 Forumite
    I would assume that he is going to be getting Xmas presents anyway?

    In that case, I agree with the poster above. Put it aside for the next time he wants to borrow some money.

    He's shown he is trustworthy, he's got what he wants, he will be getting a gift at Xmas time... there's no need to hand the money back in any other form.
  • Don't give it back Victory - if you did, it muddles the message if he ever wants to borrow some again, because borrowing then becomes associate with 'no cost to me at all' and by the time he is 16, you'll be wondering why DS2 takes and takes and has no sense of honour in paying back etc.
    His reward is getting the lego he wanted and your appreciation of his self responsibility. You must be rightfully proud of him:T
    I try to take one day at a time, but sometimes several days attack me at once
  • victor2
    victor2 Posts: 8,414 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper
    victory wrote: »
    Thanks, yes initially I wanted to give it straight back to him because of his honesty and he must have had it in his mind for a while whilst we had long forgotten it but then OH said no because if you do it once then what? as you say .

    I am going to put it in his bank account and leave it there so he has it if he needs to 'borow again':D

    You are right to do that, but do it with pride in your son and pride in yourself for bringing him up that way. It's nice to see the fruit of your labours! :)

    I’m a Forum Ambassador and I support the Forum Team on the In My Home MoneySaving, Energy and Techie Stuff boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. 

    All views are my own and not the official line of MoneySavingExpert.

  • FBaby
    FBaby Posts: 18,374 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Giving it back to him would have been undermining the honour of the gesture. Good on your son to have remembered, he is clearly showing great values and needs to be respected for his maturity. My kids are also very good like that and will give me back money when I've forgotten, or do things they don't want to do without me having to remind me. In your situation, I certainly wouldn't have given it back, but would have made of big deal of how proud I was of him. I think showing pride and respect is worth more than any £30 to a child that age anyway.
  • caeler
    caeler Posts: 2,638 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    You must be so proud. I agree with your OH, it is £30 now and he's demonstrated understanding of an important lesson, imagine when it's £750 lent to purchase his first car and you really do need that money back!! If you give him the £30 back it may set expectations later on.
  • kjmtidea
    kjmtidea Posts: 1,372 Forumite
    I wouldn't give it back to him, I would tell him how proud I am for him remembering though :) Paying things on time will get him far in life!
    Slimming World - 3 stone 8 1/2lbs in 7 months and now at target :j
  • Mojisola
    Mojisola Posts: 35,574 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    victory wrote: »
    I am going to put it in his bank account and leave it there so he has it if he needs to 'borow again':D

    Isn't putting it in his bank account the same as giving it back to him?
  • I would have had to REALLY bite my lip to stop myself giving it back to him if he were my son - so well done on staying strong!
    I agree with everyone else, it would undermine the lesson he's learning if you gave the money back, but I don't see why you can't give him a small reward to show your appreciation - to reinforce the good behaviour.
    I'm an adult and I can eat whatever I want whenever I want and I wish someone would take this power from me.
    -Mike Primavera
    .
  • pinkclouds
    pinkclouds Posts: 1,069 Forumite
    victory wrote: »
    Thanks, yes initially I wanted to give it straight back to him because of his honesty and he must have had it in his mind for a while whilst we had long forgotten it but then OH said no because if you do it once then what? as you say .

    I am going to put it in his bank account and leave it there so he has it if he needs to 'borow again':D

    I'd have felt the same as you. I think putting it in his bank account is a good solution. You'll be "giving it back" but he won't know (as presumably you manage his bank account for him as he is still quite young) and thus you won't be publicly undermining his lovely gesture. It's clearly very important to him to "pay back" the money and it's right not to take that satisfaction away from him.

    If he does manage his own bank account (at age 11, really?) then perhaps there is another account or piggybank it could go into? A savings plan of some sort? I think it's important that you don't overtly refuse the money. It should be squirrelled away discretely.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.