Do you know anyone still get money from their parents after 25 y/o+

[MrFanel]

I got 500 bucks for my bday... but thats about it ...


Altough I am gonna have to borrow money from my folks for a new car :cries:

 

[EatSpam]

Originally posted by: DaWhim
I was reading an article from nyt. link

it is hard to believe how spoiled these kids are. heck, I stop getting money from my parents since I was 15.

Some people have rich, generous parents. Its a good thing, so long as parents aren't condoning wasteful spending.

 

[EatSpam]

Originally posted by: puffff
I know a few.

It's becoming increasingly harder for a young professional to make it by themselves, especially in metropolitan cities like new york. Just because someone gets a few hundred dollars a month from parents doesnt necessarily mean he's a lazy bum.

The way our family thinks about it, it's family wealth. We all manage our own finances, but there'll never be a case where we wont help each other. If I got laid off and couldnt make mortgage payments, my parents would take over until I could again. If my brother ever needed money for down payment on a house and I had some spare, I'd give it to him with no expectation of repayment. It's a lot easier to 'stand up' these days if your family's mindset is 'ours' and not 'yours' and 'mine'.

So true. :thumbsup:

 

[imported_Trippin315]

Birthdays and Christmas count?

 

[sygyzy]

Originally posted by: Darkstar757
Yea I do know some, but most only asked when it was something big like a lil help to buy their first home.


Darkstar

LMAO! A "lil help" to buy a home? Are you kidding me? If you are buying $200,000 and you are a grand short, maybe you should just wait a month or two and save up. I doubt that is the case with your friends. A "lil help" to them is more like "half the down payment"

 

[Nutdotnet]

I have a 27 year-old friend who still lives at home. His dad treats him like a 16 year-old kid. It's hilarious.

Yes, I give him a hard time as much as humanly possible.

 

[sygyzy]

Originally posted by: notfred

Originally posted by: Specop 007

Originally posted by: DaWhim

Originally posted by: notfred
I borrowed money from my parents to buy my car. I'm paying it back, though. It's interest free, of course.

when I needed a few grands to pay for my car, I went to the bank for a loan and got declined. my mom yelled at me for not asking her for the loan when she found out. so I got the money from her and paid her back.

I applaud you for trying to stand on your own two feet.
Too many these days cant (or wont)

:roll: Like you know anything about other people's families and financial situations. Right, he would have been *SO* much better off had he got the loan from the bank instead.

What is there to know? There are NO other circumstances that matter. Just because you couldn't or wouldn't do it, doesn't mean other's can't ... be responsible that is.

 

[sygyzy]

Originally posted by: Zoblefu
I get a good amt of money every christmas.... my parents use it as some sort of tax write off.

edit: I'm 25

I love it when people point at the tax write off as an excuse. As if it makes their gesture any less generous. I bet you had no problem taking it.

 

[cKGunslinger]

Originally posted by: axelfox
I got 10,000 Vietnamese Dong for Christmas this year.

"She's a slut. Bunnnng!"

 

[Papagayo]

My Wife's sister's Husband receives $5k every quarter.. His dad put a trust fund for him.. He's 44 years old..

His dad left his family when he was very young..

I guess guilt is making him pay..

 

[Koing]

No.

I work for my £££. I get my bday £££ from parents and I got a holiday last year for graduating and some £££ also.

Koing

 

[Armitage]

Only in a crisis - my dad loaned me a couple grand to pay off the x so I wouldn't have to sell my house. I'm paying it back with interest.

 

[Dunbar]

My parents pay for 2-3 plane tickets every year to see them. They can easily afford it, and it makes it easier for me to justify the trip.

They also pay for my older brother's health insurance (he's been teaching tennis 30 hours a week for 10+ years.) They also bought him a car when nobody would loan him the money (the concept of credit rating eludes my brother.)

 

[oboeguy]

Heh, I know the drill. I was doing fine early on in grad school but the family wanted me to have a better apartment so they insisted on subsidizing the rent. I wasn't complaining, at least not too loudly. 😀

 

[ch33zw1z]

No1 that old, but younger for sure. My family was broke as fvck, but they still purchased my sports uniforms (barely lol) I purchased anything else w/ money from the ole paper router.

 

[xSkyDrAx]

I'm 18 and I my parents stopped giving me $$ since I started work/going to college. Heck I give them $$ now. :Q

 

[Alienwho]

I've always been so independant that I actually had to let my parents pay for things now and then just so they can feel like "good parents". My dad helps out with tuition now and again which is great, but besides that I'm on my own, except for my cell phone which is on our "family plan" (but my dad's work pays for that anyway).

<edit>

I turn 22 in one week :Q

 

[jupiter57]

Huh, my brother is 51 YO and still is supported by our mother!
He has NEVER held any type of "steady" work in his life, his preference is to play music in nightclubs on Friday and Saturday nights, and MOST of the time, he doesn't even have a "gig", due to his drug and alchohol problem.
He claims the work is just too exhausting to try and do anything else.
Of course when momma sends you expense money, pays your rent and utilities, and gives you her "old" car every 2 years, I don't suppose their is much incentive to try and better yourself! LOL

Myself, I joined the military the day I turned 17, and except for a few small "Pay back on payday" loans from my father, I have never taken, asked , nor received anything, and never at all from my mother.

 

[ggnl]

My 24 year old roomate is supported entirely by his parents. He's been unemployed for about 6 months (because he quit his job making pizzas when he didn't want to go to work after a night of heavy drinking), during which time they've been paying his rent, utilities, car, and spending cash.

Even worse, he dropped all his classes about two weeks into the semester and didn't tell his parents, so they think they're supporting him while he's finishing school when in reality he's just dividing his time about equally between video games and drinking.

It's sickening how easy he has it. He's not a bag guy at all, he's just the laziest person I know.

 

[stateofbeasley]

Not anymore 🙁

They've got no more money so I'm living on the Government dole while in school (translation: federally subsidized student loans 🙁 )

 

[venk]

30 grand a month in Manhatten (as alluded to in that article) is NOTHING.

 

[Aquila76]

Nope. They helped me out with some money issues when I graduated college, but I've been nicely employed since then and actually send them money each month.

 

[Slew Foot]

My parents helpd me buy my house but thats about it.


And if you think about it, parents can transfer 10000 a year to their kids tax free as a gift(I think). Its better than transferring money as an inheritance and getting taxed 50% on it.

 

[mindmaniac]

I've got a friend with a house two new cars but she is still receiving $500+ a month from her parents because she is so bad with money. They need to let her fall down and have all those nice things taken away. In just one year they have refinanced their house and I think she and her g/f make around $35,000 combined.

 

[cyclistca]

Me, my parents are both retired. They made some awesome investments while the were working so they have a far bit of money in their retirement accounts. Due to the laws in Canada they have to take a portion out of their accounts ever year. Instead of hanging on to it they give a chunk of it to my sister and myself.

I put the money straight into my RRSP then use the tax refund to pay down my mortgage.