Reply to Do you feel comfortable approaching your parents for help with large expenses?

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[quote=Anonymous]I have not asked my parents for money since I was 26 and asked if they could give me $500 so that I could buy an actual bed after moving to a new city for a job (since I wouldn't get my first paycheck for a month due to my start date and my savings were depleted from moving). They gave it and I was grateful. I'm 41 now. They do send money to me unprompted sometimes -- a check in a Christmas card or when my DC was born, for a few thousand dollars, and it's very nice but not something I count on or would ever request.

In the last year or so I have been thinking about starting a business and at first it felt daunting but then it did occur to me I could probably ask my parents to help fund start-up costs. I'm very carefully weighting whether that would be worth it. It is more simple from a financial and paperwork perspective than getting a business loan, but more complex because of the interpersonal dynamics. I'm going to keep thinking about it. I don't think they would resent the ask and I do think they'd probably give it to me if they have it to spare (which they probably do? I don't know that much about their finances). But the thought of asking feels like a lot. I don't ask them for things. We'll see.[/quote]

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