Does Family Take Your Savings?
It seems in my family, if anyone knows you are saving money they will be at your doorstep with a hard luck story in hopes of using your hard-earned money to fund their own overspending. I am a hard-nose who will not lend money, so they don't get far with me. Do you have problems with family asking you for money?
Fortunately no one in my family has ever asked. Lending money to family just has bad idea written all over it IMO.
Recently, I have started earning fer extra bucks from my business and freelancing wok. When my family came to about it, they started asking me frequently about my bank balance and have also started to take small debts from me.
Every months 15% of my income goes to my parent. Certain time, my sibling asking to borrow some from me. For small amount, I've no concern, but if too much then only need to look seriously into it. If I lend them money, the next month after that I'll collect them back. So far for now, not that much. Still able to control.
Some of the relatives does that and it is not a great thing to do, But sometimes they have a very bad habit of asking money that they didn't know how hard you made them.
Family is probably one of the biggest pits that ever existed. Yes, I have a son who constantly borrows money and always with the intention of paying it back. Unfortunately for us when he has the money, he seems to have another emergency and the money he would have paid us (according to him) had to go for that emergency.
I know how to stop our merry go round ride w/him but haven't done it to date. It takes a firm no and sticking to it. But, w/us, that's easier said than done.
So, family can be quite challenging. I guess each one of us has to deal w/it as we think is best for us.