When your adult “kids” ask for a loan, tell them NO.
And never, ever co-sign a loan with them. I learned this the hard way.
I have no debt. My car and house are paid for. Credit card bills get paid in full each month. I’m retired, single and live comfortably on a small pension and social security and still manage to save a little each month. And by the time I croak, there won’t be anything left to pass around.
Call me what you will (stingy, tight, frugal, boring), I don’t give a crap. I’ve had it with my entitled, lazy brats who think I owe them a free ride. Happy New Year.
Good for you.
We are in a similar situation financially.
We never over spent on things, but bought within our means.
Which meant a house that needed some work and used cars.
But the house is being dealt with on an as can afford basis, and we keep a good eye on the cars and prevent any major catastrophes.
Good advice.
I feel sorry for you thinking your kids are entitled, lazy brats who think you owe them a free ride.
Our kids are frugal, understand life through the school of hard knocks, all have college degrees, and have good careers started. They are financially independent, hard working and doing well. They have always been generous to Mom & Dad and are more so now that they have good careers. We like helping them out when we can, but they really want to do it on their own and often turn down our offers to help them out a bit. I hope we are in a position to help them with part of a house down payments when the time comes.
Happy New Year.