I might have made a huge financial mistake. Do you have strict no lend policy, do you create a monthly budget, do you give in for family and friends and throw that budget out the window?
You guessed it, I do and did all the above. Some people are kin to negotiating and saying no. However, if my mom comes to me with a logical explanation pledging for help, how am I to say no?
The Story....
We are in the process of remodeling and per usual a few unexpected expected expenses came up. The house is a few decades old and needed a new AC unit and electrical update to install the new appliances in the kitchen. The money set aside for the remodel did not include these last minute update.
It has been a little over a month and the repairs are coming to the final stages and money just isn't there.
Your lack of preparation
Isn't an emergency for me just you. You may be thinking they shouldn't have started without planning for the unplanned. Your not wrong, but it happened. We are here. They need just under $3,000 and I offered to gift them $1000 and created a payment plan for the remaining.
What would you do?
I don't want to hear what they should have done to prevent from being in this situation or how giving in will create a bad habit of them always asking me for money. I want to know what you would have done to help resolve the issue?
