I am gonna be honest with you all and you have to promise not to judge me. If you have followed my monthly expenses you will notice that I have a “gift” section in my income category. If you have paid close attention to this section you will notice about every other month I receive around $400 to $500. I have been waiting for someone to ask why I was consistently getting these gifts. No one did, but I’m gonna tell ya anyways.
The gifts are from, none other than, Mama Ninja. That’s right bloggers, I openly accept gifts from the bank of mom and dad. Before you jump to conclusions, hear me out. As you can see from my side bars, I have a decent chunk of student loan debt. Upon graduating, Mama Ninja told me she would pay back about $4K of my student loans. Instead of giving me one lump sum she is giving me a couple hundred dollars here-and-there. Every dollar she has given me thus far has gone straight to the school loan.
Now on to the debate…
On other PF blogs, I have read about people that refuse to take money from their parents, some who have even bashed those who do. I think those people suck. I agree it is not smart to be dependent upon our parents as we grow older, but I see no problem in accepting generosity. My parents are not financially straining themselves to pay down my loan. They give me the extra cash flow at their discretion, but there are never any strings attached. I do not include this gift in to my budget, as every dollar given to me goes straight to Sallie Mae. I just don’t see a problem with this.
Am I a spoiled brat for taking Mama Ninja’s money? If your parents wanted to help you out, would you let ’em? What are the downsides to taking the money? I really can’t think of a good reason to turn the money down (outside of being a prideful male that wants to do everything on his own).
p.s. No bashing Mama Ninja allowed ’cause she reads my blog, I love her, and I’ll come punch you in the face if you do 🙂