C
Carrie S
Guest
so its the holidays money is tight, the economy sucks. I am a stay at home mom and my husband is a car sales man (gets paid on straight commission!) We have a 21 month old and I am pregnant due in 6 weeks!
we are in no way shape or form in any position to be loaning anyone money.
So here's the story my mother in law doesn't work full time she has a part time job at the hospital and she does some real estate appraisals on the side (like 2-4 a month if she is lucky since the housing market sucks in our part of the country!) She is 52 years old and for some reason doesn't think she needs to work full time still. She has nothing stopping her from getting a full time job she has a college degree in Business and real estate.
So for the past 4 years she has been on this downward spiral pushing herself into bankruptcy (no mind you this is the second time she has filed for bankruptcy, she did one other time back in 1992). She has no concept of money she just blows through what she does have. She has borrowed so much money from all of her family including her 3 kids. Back in march we gave her 500$ to catch her up on her car payment we told her that she didn't have to pay it back and that it was the LAST time we could help her out financially. So what do you think she does with that money?? does she pay the car payments?? NO she ended up going out and buying some B-day presents for our son (as nice as that is, we didn't want or need her to do that) she spend well over 100$ of that money we gave her to buy gifts. Then she had to take out a loan from her other son my brother in law to pay the back car payments!!
So since this time back in march she has called and asked to borrow 50-100$ here and there she has always payed it back within a few weeks or so. She probably asked to this about 6-7 times since we told her no more money! Then one day in October she called and asked for 250$ to help her with her car payment again because they were going to repo it, I spoke up and said sorry we really cant right now. She left us alone for awhile then what do you know she bounced a check this week and has 150$ worth of bank fees that she can't pay so she asked to borrow more money, this time she didn't ask me she went straight to my husband. He said he'd have to get back to her.
So he calls me and asks me what I though about it if she could pay us back Next week or the week after.
I said that I really didn't think it was a good idea right now we don't have much extra cash. Especially with a baby coming in 6 weeks!
Now he is a little mad at me...? What can I say to him to make him understand that this money thing with his mother has got to stop. That we can not afford to take care of her as well as ourselves and children!!
Am I being ridiculous? She I just dish the money out whenever she calls? or should we put a stop to it now? Remember this has been going on like this for 4 years and she still can't get her shit together!
oh my god I just ranted for so long!! sorry
we are in no way shape or form in any position to be loaning anyone money.
So here's the story my mother in law doesn't work full time she has a part time job at the hospital and she does some real estate appraisals on the side (like 2-4 a month if she is lucky since the housing market sucks in our part of the country!) She is 52 years old and for some reason doesn't think she needs to work full time still. She has nothing stopping her from getting a full time job she has a college degree in Business and real estate.
So for the past 4 years she has been on this downward spiral pushing herself into bankruptcy (no mind you this is the second time she has filed for bankruptcy, she did one other time back in 1992). She has no concept of money she just blows through what she does have. She has borrowed so much money from all of her family including her 3 kids. Back in march we gave her 500$ to catch her up on her car payment we told her that she didn't have to pay it back and that it was the LAST time we could help her out financially. So what do you think she does with that money?? does she pay the car payments?? NO she ended up going out and buying some B-day presents for our son (as nice as that is, we didn't want or need her to do that) she spend well over 100$ of that money we gave her to buy gifts. Then she had to take out a loan from her other son my brother in law to pay the back car payments!!
So since this time back in march she has called and asked to borrow 50-100$ here and there she has always payed it back within a few weeks or so. She probably asked to this about 6-7 times since we told her no more money! Then one day in October she called and asked for 250$ to help her with her car payment again because they were going to repo it, I spoke up and said sorry we really cant right now. She left us alone for awhile then what do you know she bounced a check this week and has 150$ worth of bank fees that she can't pay so she asked to borrow more money, this time she didn't ask me she went straight to my husband. He said he'd have to get back to her.
So he calls me and asks me what I though about it if she could pay us back Next week or the week after.
I said that I really didn't think it was a good idea right now we don't have much extra cash. Especially with a baby coming in 6 weeks!
Now he is a little mad at me...? What can I say to him to make him understand that this money thing with his mother has got to stop. That we can not afford to take care of her as well as ourselves and children!!
Am I being ridiculous? She I just dish the money out whenever she calls? or should we put a stop to it now? Remember this has been going on like this for 4 years and she still can't get her shit together!
oh my god I just ranted for so long!! sorry