📨 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!

Money Moral Dilemma: Should my husband stop lending money to his parents?

1235»

Comments

  • Newly_retired
    Newly_retired Posts: 3,191 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Parents helping their children is one thing, but the other way round, except in emergency, is not going to make for a great relationship. I wonder what started this all off?
    Yes, if it is not affecting your own household's finances, maybe let it go, but it does sound as if your in-laws need some budgeting advice to avoid future loans.
  • Scriv_2
    Scriv_2 Posts: 1 Newbie
    Part of the Furniture First Post Combo Breaker
    I wouldn't ask to borrow money from anyone, least of all my own children. Lending money to family or friends usually leads to resentment unless you have a fixed agreed payment plan, ie £x per week / month until it is paid off. Otherwise as this person has stated, it is natural to say 'well they can afford to buy x,y and z but they haven't paid me back yet'. Would you be happier with this arrangement? I don't think it is unreasonable to say you will lend the money on this condition. Say your finances have changed (make up something relevant) and you have additional monthly expenses. I don't think there are many people who could afford to lend large sums of money with no clue as to when it will be paid back, and it is unreasonable and unacceptable to ask to do this. 
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
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.