Money - Sibling

In my family we rarely borrow. I borrowed during house purchase which I repayed in a year. Amount ceiling depends on your comfort. But if it goes to the point that you don't have much to meet your expenses you have to watch it.

Give them a time frame. Say in next three months , you need money to pay for a course. Ask them to pay it back by that period. Keep reminding them. If they are not returning, put your foot down and don't lend from next time.

 

In my opinion it is morally right. Based on what you have said, it's not that they have a real need. It's your hard earned money and you have all right to ask for it.

 

With a sibling irrespective of whether the amount is small or big , the money once lent should be got back.

 

Op....unless and until you are rolling in money or your family is in real need,it is always a good idea to return money.

If your family is used to this and you are not comfortable.....either tell them you are short on money and can't spare or if they do borrow...borrow it back.

Sometimes when it is common in the family....saying out something can cause bad blood or hurt feelings .
Someday you may need their help too or they may need but won't ask.

If your sibling owes you 8000 rs...borrow 10 ,000 and return the 2000 in a few days . Keep your accounting with siblings clear.

As for parents, if it is a small amount,let it go .
If it is a bigger amount,ask for it when you need.

 

I would not think of counting money when giving to my sister or parents .but then we never borrow so that situation did not arise till now . There is No universal answer what is moral in such a case. Everything depends on the kind of relationship and the situation . If your sister genuinely cares for you then let this go , but encourage her to have financial discipline . But if you feel she is intentionally taking your money for lavishing , then have a talk with her that you need the money for savings / EMI commitments and she has to manage on her own .

I think you should not spoil the relation for a few thousand ruppees . Atleast with parents dont ask then to give back the money , after all they are your parents they must have done so many sacrifices for you to rause you . Just tell your parents you have financial crunch and you need their support .
For sister, let this one time go .But avoid lending in future if you don't like it . Let her know you have your own financial commitments .

Maybe they are taking from you because they are not aware if your financial struges. Always make it a point to be honest and open with them about your financial.problems. after knowing all, next time they will not take money from you . But even after knowing your troubles , if still they don't show concern or compassion , next time just say you don't have any cash in hand. Do help them sort out the financial mess . Because always borrowing money from relatives makes everyone uncomfortable and the practice should be avoided . Financial discipline is very important .

 

I personally would let this amount go. Relationships can strain over money, even one wrong word can hurt people, n we are talking about our loved ones here. Not sure if it's worth all that drama or pain.

If they don't have the 'habit' of paying back after borrowing, then you should just borrow your money back n leave it at that since this is bothering you.

N next time they ask, come up with any random reasons to not give. When it bothers you, don't give again n add on stress or strain the relationship.

 

If its for lavish spending, better not to lend and worry abt repayment. If its for something urgent or important I might not ask it back.

 

Personally I would just let it go. But if it is bothering you so much, follow what yellowmango suggested. I suggest you not to judge your siblings that they are having lavish life borrowing your money.