If I was your adult DD would you lend me money

[lastqueenofscotland]

I’ve literaly never asked my mother for a penny since I was about 16 when I got my first job. It’s not something I’m comfortable doing.

Basically due to changing jobs and early Xmas payments I’m getting one weeks wage to last six weeks.

My last months pay and a lot of my savings have been totally totally spanked following an issue with my roof, car tax and insurance coming out on the same month and a quarterly water bill.

I bought my house a few months ago and that’s used up nearly all my savings and my rainy day fund has gone on the roof . It was meant to be what I was going to use to tide me over until I got my full pay in January.
I’m literally in tears daily about how I’m going to cope.
I need to ask my DM for about £1000ish to cover the month (bills, mortgage, food, petrol, no luxuries there)
I’m sure she can afford it and of course I’ll give it back but I’m so nervous she’ll tell me I’m an adult and to sort it out myself

I know a credit card is borrowing too but it does give you some flexibility in terms of paying it back. Only for short term use though otherwise will be expensive form of borrowing but you might only need it to tide you over with food and petrol to next pay day or split payments over a couple of months to make life a bit easier? Yes there will be interest to pay but not that much if you aim to pay back in full within a coupe of months.

Mrstraveller it is highly unlikely there will be interest to pay if the OP is financially stable. Credit cards don't need to be an expensive form of borrowing in any way, it's a huge misconception. In fact, stoozing can help you make money off credit cards if you are sensible.

Absolutely would give it.

Our own personal views mean nada rather as we all have different situations.
I personally would lend it you but I know my parents or inlaws despite being fine for money would never lend us any even in your situation.

credit card is a ridiculous suggestion. ask your mum

I would lend it to you if you were my daughter but if I was in your position I’d just get an overdraft.

hang on a sec - all this grief is because your new employers are refusing to pay you on time for your first month in a new job? This is unacceptable.

obviously yes the automatic payroll has a deadline and all big companies are the same there. however, there is no large company in the world that isn't capable of raising a paper cheque at no notice at all if required.

it is Christmas in 6 days. they cannot leave you penniless at Christmas - you need to eat, pay bills, travel etc. whilst it is lovely that your mum will probably help, its not acceptable that your employers should make you ask. go to HR first thing this morning and kick up an enormous stink about being left in utter poverty over Christmas unless they raise a cheque for the money they owe you.

if they don't do this then any interest or charges you incur going overdrawn will be legitimate work expenses that you must claim back from your employer as this is a cockup entirely of their making.

No, i’d Give it to you. If I could afford to lend £1k then i’d Prefer to give it.

The one time I borrowed off my Dad I set up an immediate direct debit to pay him back. Might be a better sell to your mum.

I would and I know both my parents and my in laws would too as the keep offering! We are in a similar situation, OP. I think we will just about scrape through but I'd have no hesitation asking if we really need to. Good luck with it!

Yes given the circumstances.

@GaryBaldbiscuit why?

My DH is on a really good wage but last year we ran out of money while extending our house and having already borrowed as much as possible from the bank borrowed money from both his mum and my parents. We have now paid them back which feels fab but they never made us feel bad about having to borrow from them.

Just ask. The worst that can happen is that she'll say no. I would help my children in this way if I were able to.

Of course, both my children are adult and I’ve done it a few times. Likewise, I’ve borrowed from my parents and siblings. The key point is that we always pay each other back eventually. That way, the money is available for the next person that needs it.

Yes

credit card is a ridiculous suggestion. ask your mum

Er, no a credit card is exactly what is needed in this situation. People on here are weird about credit cards. Perhaps that's what the OPs DM meant about being an adult - get a credit card and use it like an adult and she wouldn't need to borrow from others to solve a minor temporary cashflow issue.

Anything the OP spends on a credit card now/in January won't need to be paid for until the end of January or the end of February and will solve the OPs problem without costing her a penny or borrowing from her DM.

As well as overcoming a temporary cashflow problem, there are loads of other advantages of credit cards such as consumer protection, cashback and ease of hiring a car etc and all you have to do is have it on direct debit to pay the balance off every month and it can make managing your finances so much easier.

I would give my DD anything and everything I could and if she asked me help I'd do it in a heartbeat. She's your mum even if your not close.

I'd lend it to a friend, let alone my daughter.

agree, i think you need to speak to payroll, why so little pay? can you ask your new job for an early pay?
can you change your bills to monthly direct debits ?

Yes, ask your Mum, and explain the cash flow problem.

Ask her very quickly so that you can put a Plan B into action if she hasn’t got the money available, like ask your bank for an overdraft.