Inflation is becoming personal
By Starmaiden
@Starmaiden (9311)
Canada
July 27, 2023 8:46pm CST
I have adult daughter who asks to borrow money from me at least once a month. It started a few years ago with her asking for $10 whenever she asked me. A year or so later she began asking me for $20. The last few times she asked, including today, she asked for $40.
She always pays me back when she gets paid from her workplace so I have no qualms about lending it to her, but if this inflation continues I'll have to start charging her interest on her repayments. 
She always pays me back when she gets paid from her workplace so I have no qualms about lending it to her, but if this inflation continues I'll have to start charging her interest on her repayments. 17 people like this
13 responses
@rebelann (111235)
• El Paso, Texas
28 Jul
She's a young adult I take it. I remember how hard it was for me to figure out how to budget when I was in my 20s and only started to figure out how when I reached my 30s. Too bad our schools don't teach the kids how to budget instead of clouding their minds with new math or algebra, most of us never use it unless we become draftsmen or some such career.
1 person likes this
@Starmaiden (9311)
• Canada
28 Jul
She does customer service for a local phone, cable and internet service provider. She makes good money and her boyfriend works in road construction. Most of his money goes to his ex for alimony and child support. She just needs to budget a little better.
2 people like this
@toniganzon (72279)
• Philippines
28 Jul
I have an adult son who's in college. I pay for everything and his allowance too. Emancipation doesn't actually happen in this country. We don't lend money to our adult children, we give support no matter how old they are or even when they have a job. We feel obligated to do so especially when they don't have any means to earn. That's our culture though.2 people like this
@Starmaiden (9311)
• Canada
28 Jul
That's a good system to have when it's needed.
1 person likes this
@toniganzon (72279)
• Philippines
28 Jul
@Starmaiden We always believe that parents are obligated to their children no matter what age they are but children have no obligations to their parents. I guess it's because, parents have a choice to bring children into this world but the children didn't choose to born.
That's why I told myself before that if I couldn't give the love and financial stability that my son deserves, I don't have the right to be a parent.
2 people like this
Moms are great to have around for a lot of reasons!
@RasmaSandra (73603)
• Daytona Beach, Florida
29 Jul
If you can help her fine. Boy, I wish I had someone to help me, I live from month to month work hard on survey sites to get some extras and I somehow manage but I do budget myself strictly,
1 person likes this
@Starmaiden (9311)
• Canada
29 Jul
Yes. It is hard for all of us. I help my daughter when I can. She helps me also when I need it so it's give and receive both ways.
1 person likes this
@GardenGerty (157646)
• United States
28 Jul
Sometimes that small amount makes a big difference. I am glad she pays you back.
1 person likes this
@Metsrock69 (3492)
• United States
28 Jul
You're lucky, Whenever my kids borrow money it is usually in the hundreds and I will get it back over time
@stapllotik (1933)
• India
28 Jul
I am happy that your daughter returns the money with responsibility. Young people should invest a part of their earnings in stock/ mutual funds or government schemes, so that they can get good returns after a few years. If you ask about inflation then , there is a very popular song here on inflation:
"First, we were defeated by the battle of the eyes
Then, my friend's separation killed us
Third, loneliness always killed us
Fourth, this God's own godliness killed us
Whatever was left, was destroyed by inflation."
1 person likes this
