My Kid Won’t Pay Me Back!
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 24 March 2024
⏱️ 10 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.3 | Let's go to Jennifer in Sioux Falls, South Dakota. What's going on, Jennifer? |
| 0:10.4 | Hi, hey, thanks for taking my call. I'm so excited. It's Jade and John. |
| 0:14.8 | Hey. We're excited to talk to you. |
| 0:18.2 | So I'm looking for some ideas on how to deal with my adult son. I just |
| 0:22.5 | want to say it's so hard to be a parent to adult children. So we've, my husband and I have |
| 0:29.0 | three adult children. They are all college graduates. They are all gamefully employed. |
| 0:36.1 | So our plan, because it was important for us that they go to college, so our plan was |
| 0:41.4 | that we would pay for 25% of their college need, you know, their tuition and room and |
| 0:47.4 | board. |
| 0:47.9 | And then they were responsible for the other 75%. |
| 0:51.1 | Okay. |
| 0:51.8 | So then of that 75%, whatever they would need to cover that, we would just loan it to them |
| 1:00.8 | and our gift to them was that it would be interest free. |
| 1:03.5 | Oh, whoa. |
| 1:04.5 | So that way they'd get out in the wrongs. |
| 1:06.6 | So one of your kids is not paying you back, are they? |
| 1:09.7 | Well, he's paying me back, but boy, it's like a turtle. |
| 1:13.0 | I meet him. |
| 1:15.0 | I'm just like our daughter, she got after it right away, and she, you know, within five years, she was all paid off. |
| 1:21.7 | And then our other son, his amount is so much smaller that I'm really not too worried about him. |
| 1:27.1 | Mm-hmm. |
... |
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