Parent Guilt...when it comes to finances

Consolation
Wed, 09 Mar 2011 17:12:52 +0000

I’d definitely give it to her and say that she can pay you back later.



“Say” that she can pay you back later? When?

My parents lent us $30K towards the down payment on our first house. We also set up a repayment schedule, with interest, just like a bank. As my mother said, I don’t care if it is $10 a month, but it has to be regular and has to be agreed upon in advance. Prevents hard feelings all round. (As it happened we paid them back in a lump sum years ahead of schedule, but that’s another story. )