Comments on: Greedy Kids: Are they entitled to their parents’ money?

By: Janine

Janine — Thu, 19 Nov 2009 17:32:14 +0000

Wow, this sounds all to much like my boyfriend’s current adult children. They expect him to give them what they need before his own needs are met.

What your parents have in the bank isn’t really your business. You’re a grown adult that should have to deal with every day obstacles and financial conerns, just like your parents have done. I’m sure they have worked very hard to save their money and they shouldn’t have to feel like your entitled to it.

You need to tighten your grip on life and learn how to get their on your own. Afterall, your parents will not be around forever.

By: mona

mona — Mon, 06 Jul 2009 13:56:08 +0000

hey what about those parents who inspite of facing loads of difficulties raise up a child……..if they think about themselves and want to enjoy later its their due right.if they are parents that doesnt mean they are only supposed to think about their kids.at your age its hard to believe that u expect to depend on them.

By: Fabulously Broke

Fabulously Broke — Wed, 01 Aug 2007 16:02:20 +0000

On the flip side, what about parents who think their kids owe them a living?!

I went through a similar situation (in reverse) with my parents:

http://fabulouslybrokeinthecity.blogspot.com/2007/06/should-i-bail-out-my-spendthrift.html

Part 2 is listed on the right-hand side of my blog…

By: JustBeth

JustBeth — Wed, 01 Aug 2007 14:18:16 +0000

The most I’d expect out of my parents when I buy a house is labor–moving and fixing things. I never expect any financial help from my parents.

I don’t know my parents’ financial situation. It’s not really my business unless they need something from me.

By: Ricky Spears

Ricky Spears — Wed, 01 Aug 2007 03:24:54 +0000

>> Don’t parents have some kind of obligation
>> to be honest with their grown children about
>> their financial situation?

I think the only obligation these parents have in being honest about their financial situation is to honestly teach their children what they had to do to acquire their wealth. It’s doubtful that their parents helped them very much, and it sounds like that’s the same lesson that this child needs to learn. The child obviously has a “victim mentality” that will keep them down until they mature enough to get over it and take charge of their own life.

According to 2 Corinthians 12:14, parents should lay up riches for their children, but that doesn’t mean they have to buy them every toy they want–even if the “child” is now 30 and the “toy” is a new house.

By: Brian

Brian — Wed, 01 Aug 2007 02:38:11 +0000

Parents should not feel obligated to help their children out financially with every large purchase. He should think about all the money they have already spent over the past 18+? years to raise him.

By: Dani @ Living Behind the Curve

Dani @ Living Behind the Curve — Wed, 01 Aug 2007 01:37:07 +0000

With that kind of attitude, it’s no wonder they didn’t tell him!

By: realist

realist — Tue, 31 Jul 2007 23:21:45 +0000

the housing market, thank god, is finally crashing and will keep on crashing, if someone can’t buy a house, then they need to lower their almighty standards.

By: The Happy Rock

The Happy Rock — Tue, 31 Jul 2007 21:19:15 +0000

I wonder if the son would have felt worse if his parents told him how much money they had, and then didn’t loan them money! That may very well be a reasonable course of action.

By: Mark A

Mark A — Tue, 31 Jul 2007 20:34:35 +0000

I wouldn’t ever borrow money from family. There are other ways to afford homes besides mooching off of Mom and Dad. You should save up for your own downpayment, the real estate market isn’t going to outperform a smart saver. Your parents need to think about retirement not whether their grown child will be able to afford a dream house.

Talk about lazy people, get a job!