Sunday, October 14, 2012

Monday Vent - Families & Money

Last April, my mother and her husband asked me if I would be interested in buying their mini-van that they were planning to sell.  I immediately said "yes'.  Even though I have never wanted a mini-van, it has low mileage, all the bells and whistles, has been treated very well, and they said they would sell it to me for the trade-in value.  This is a great deal, and my husband and I agreed.  My mother said that I could pay her what I got for my car, and that she would extend me a 0% loan for the rest, with the agreement that I would pay it off as quickly as possible.  This sounded great and I told her how much I appreciated her generosity.  Our niece said that she would like to buy my current car from us.  This all seemed to be working out well.  That was six months ago.  I have periodically asked if they had found the new car they wanted to buy, but their lives have been rather busy, and they just haven't gotten around to it.  That's fine.  I don't owe anything on my current car and it's nice not having car payments.  My niece has also been asking when we might be selling, but has been patient also.  Now, my mother has told me that they are actually going to be selling both of their cars and that she will need six-thousand dollars from me to put the first payment on her new car, which she will then pay off within a couple months.  Oh, and she wants this within the next 2-3 weeks.  I don't know about any of you, but, we are only selling our car for $3500 and I don't have an extra $2500 laying around to pay out in a few weeks.  When I told her that I don't have that kind of money, she was unhappy and said that she didn't know what we should do because she thought I would get more for my car.  Of course, I had told her six months ago how much my car was worth,  Now, 6 months later, and five-thousand more miles on it, it's worth even less.  I'm just completely irritated!  I know that she has more than enough money to buy herself, her husband, and heck, everyone in the family a new car with cash along with a few houses thrown in for fun.  (She has shared her financial information with me because I will be the executor of her will if anything should happen to her).  But now, she wants to put pressure on me to take money out of my savings, of which I don't have very much, because she doesn't want to cash something else in.  If I had known six months ago, I would have made arrangements to set something aside.  I knew it sounded too good to be true.  I have never wanted to take money from her, not that she has offered.  She knows that we are responsible with money and that we have worked hard for everything that we have and have not received any financial help or handouts. I guess we will just have to continue on not getting any breaks, especially from family.  I know...I sound bitter.  I am glad that she is healthy and has no financial concerns.  I'm thankful that she is with us and spends time with us.  She's just quirky about money, which is probably one of the reasons she has so much.


  1. Hello there, I am so excited I found your site, I just read through the entire article of yours and it was quite good. This is a great article thanks for sharing this information. I will visit your blog regularly for some latest post.