1. Home
  2. Chat
  3. Putting Yourself in Debt

Putting Yourself in Debt

Ask a Question

How much would you put yourself in debt for your child. Not talking young child but an adult one. Have you had to say no and face being cut off.

eyeballkerry
1 year ago
What do you think of this?
MrsCraig
MrsCraig1 year ago

My child is only 8 months so don't have that dilemma yet, although did just pay out a small fortune on a hotel for his hospital stay! I would only give over money if I could afford to. My husband and I have been given money once by his Granny but they were very special circumstances and we didn't ask for it, she just gave it, but it did come in handy. We've often had to give my mother in law money to help her out. I don't think anyone should put themselves in debt for someone else. If you can afford to help then help but otherwise don't do it, it will only lead to resentment and arguments.

Like
Reply
1
sarahgreen15
sarahgreen151 year ago

Yeah I don’t think I would... my partners Mum and dad put themselves in thousands of pounds worth of debt for their younger son who is 25, hes not even the tiniest bit remorseful or appreciative, hes done nothing to pay it back and will most likely do it again because he knows he will get bailed out..

Like
Reply
1
eyeballkerry
eyeballkerry
Original Poster
1 year ago

Sounds like my brother and he is 52 !

Like
Reply
Lynibis
Lynibis1 year ago

I never lend money to anyone. If I can afford it I will give it and then forget about it rather than sit stressing about when it will be paid back, if ever, and risk souring the relationship.

Like
Reply
1
SaverDeals
SaverDeals1 year ago

I think putting yourself in date for the sake of your child is a very dangerous thing to do, because you can't help them twice when you're in debt yourself.

Like
Reply
1
KirsteyJames
KirsteyJames1 year ago

I would do anything for my children and when their adults i will try to help them out as much as i can but after 18 money will be something they sort out themselves. Of course if they needed money for something and i had it then id lend it to them, but i wouldnt put myself in debt to do it. If my children would cut me off because of that then they wouldnt have the morals and family values i raised them with. I moved out when i was 18 and i havent asked my mother for a penny. She has lent me money and ive lent her money if weve been out shopping or whatever and didnt have enough cash etc. If i really needed the money then i know she would try to find a way to help me but i wouldnt let her take a loan or get into debt for my problems.

Like
Reply
2
One of the UK's largest deal hunting communities

Join for free to get genuine deals, money saving advice and help from our friendly community

Kelsey, Tom
& Deepak
Founders
Founders of Latest Deals
We use cookies (e.g. personalisation, analytics, social media). Find out more.