Borrowing & Lending Money from your own children .... Do you feel good??

I don't mind giving money to my mom. She need not pay me back. I'm the type of person who would feel happier if I give rather than receive. If she pays me back, then it's fine, however, I will not require her to do so. When I used to need money, I would borrow from my mom but I always, always pay her back within the most reasonable period of time. I usually give her something extra like a dozen roses and a card, too.

Hmmm borrowing money from their own kids depends on two things, one is the understanding between the kids and their parents and secondly the urgency of the money. I think that if there is good understanding between the parents and their kids then their kids themselves will come forward to lend money to their parents. I wont borrow money from others just because i or my wife wants to have live a comfortable life and i think it is bad to borrow money for such reason. If money is needed for kids future or some things very essential, then i wont regret to borrow money from others. But i will seet to it that i return the money back at the promised date :)

i think it would not be proper to lend or borrow money from your parents or vice versa, maybe we could rephrase it to a term called help, since when we are a child its osur parents who nortures us , feed us and gives unconditonal love, then in return we must not let them borrow but give it to them as a help and not expecting in return and vice versa.

I think there is no problem in lending money to your own children ,as long as the money is to be used for good purpose,and you are intend to repay the money , I do not see any problem in it. As a father, if he can afford to lend out the money to help his son to get over the hard situation,why not do him a favour? Of course the sitaution is different if the money is used for bad purpose like repaying the debt from lossing in gambling.

well as the eldest daughter in the family, at 17, when my mom knoes i have money, she will borrow it from me, and i feel not so good about it because i ge\ot used in not returning the money that she have borrowed.. and i feel shy to ask her the money that she have borrowed..

I think that parents and children MUST lend and borrow each other's money. This way, the children can learn how to pay. But there are differen situations, like mine. I don't work. So, when I want to gather some money I must gather it cent by cent. And I started it. I gathered, by now, R$ 70,00 (70 reais, wich is about 25 Dollars). 70 Reais is good here in Brazil. In two days, my mom got more than 30 Reais. She said she'd pay, I'm waiting up to now. And she probably won't pay, or it'll take a big while until she does. So, I think: should I trust her again? She always does this, and it sucks. If at least I worked, it'd be ok, but it took me months to gather this. And in two days, half is gone. This kind of business-relationship between parents and its children must happen, but the parents must show responsibility.

I don't borrow money from my kids. I do lend them money and they know that they must pay it back. It is rare that they borrow money from me.

I have a motto that goes "if you want to keep a friend, don't borrow and don't lend". Thankfully I have never had to borrow from my children and I don't think they would have had enough money to be able to give me a loan. I don't like to lend money to my children and if I feel they really need money for something, then I will give them the money as a gift. They are all grown up now and have their own families but I did help them to purchase their houses. I know they would like to pay it back to me, but it made me feel good to be able to help them.

I always try to help my children when I know they are in need. I am their mother and therefore, usually know without them having to ask.....I do not allow them to take advantage of me, in that, there miust be a need. I also treat my friends this way....however it is a "policy" in our house that we never loan money we can not afford to give away or loose. That way if we get it back, it is a pleasant surprise and if we don't then we are not upset because we had no expectations. Money can be a powerful thing and has caused many realtionships to be destroyed. I will not give that much power to money...I try to keep in perspective that money is supposed to be a way to trade things, goods and services. I will not ever be rich and therefore, will not allow money issues to rule my life. Best wishes, my friend.

borrowing money frm our children dosent sounds bad according 2 me since it is te courage of te parents tat tak their children 2 higher standards of living.....so its te duty of children 2 luk after their parents but nt in terms of money only but care n love toooooooooo

I don't think it's good,i mean it would set up kind of a buisiness type of relationship with ur children.occasionally is ok,but frequent is bAd.