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Money borrowing...how to get it back?
I'm totally fed up of people borrowing money from me. My family gives me money to run the house and family(grandma, mother, brother).
My mother is #1 borrower. We have babysitter and she doesn't work but right now she owes me $1500! She doesn't even have the money to give me and I have about $300 to run the house for the rest of the month!
Then my friends they make me buy stuff saying they'll pay me back and they never do! I'm fed up and ready to take a stand.
HOW DO I GEt BACK THe MONEY from:
my mother &&&&
My friends?
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Want to answer more questions in the Relationships category?
Maybe give some free advice about: Families?
You set a precident by allowing people who had not paid you back, to continue to borrow money. Once they got away from using you this way, they knew that they could continue doing so. I would write down every account of what you gave them or bought them and how much they owe. Have them sign and date the receipt of the written I O U s. You keep these and tell them that they will have a specified amount of time to pay you back without charging interest. In the meantime, you will take something of theirs as collateral! This is the only hope you have of getting a dime back. I have personally done this and it worked. Make sure you get something good, because chances are you will be left with it and they will not pay you back at all. I loaned a friend 100. which never got re-paid, but ended up with their bicycle! Good luck and let this be a lesson to you not to mix friends and borrowing. Either give a friend a true gift and don't expect payment in the future, or don't give at all. Loans seldom come back and can ruin friendship. If you never want to see a particular person again, you just ask for loaned money back, and they will do everything to avoid you...sometimes it is worth the money!
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Your first step needs to be to stop lending money to ANYONE! For your friends, if they need something and have no money and it is an absolute necessity then they have parents of their own they can ask or they can get a job. If they threaten you with the tired line of well then maybe you are not their friend point out that you are not willing to buy their friendship.
As for your mom, first off for this month when she needs something or if you have to make decsions as to how to spend your remaining money then you need to make sure that it is HER needs that are not being met, not yours or your grandmothers or your brothers. If she can't pay the babysitter then perhaps she needs to look after your brother. If she continues to bug you for money tell her that there is none and from now on if she needs so much money then she has a choice either get a job or get rid of the babysitter and look after your brother herself and then she can have that money, although why a mother would need to be paid to look after her child is beyond me.
You may never get the money back and the answer you are looking for is not in correcting the past its in protecting yourself in the future. I am unaware as to how old you are but this situation no matter your age is not a healthy one, you are the parent and your mother appears to be the child. I would really look into some of the free counselling in your area and address the real issues here you will see then that the issues around money will disappear.
Hope this helps.
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You should never lend friends and family money, because of situations like this, it makes the relationships bad. You should either give them money, or don't give them money. If you've got extra money, it's nice to give it to friends and family, but don't expect it back. If you don't have extra money, tell them that! Make a budget, and decide how much you need for groceries and other basic stuff, and then if you've only got enough money to make the budget that month, don't give any money away.
Your mother is not going to pay you back, sorry to say it, and neither are your friends, you'll just have to realize the relationships are worth more than that, count your losses and move on.
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