He has overdrafted his bank account (again)and keeps on using his debit card even when he's 300.00 in the negative. I need advice
2007-03-13 10:40:26 · 6 answers · asked by Monkeylynn 2 in Family & Relationships ➔ Family
Cut him off, don't pay the overdraft fees or give him any funds to cover any overdrafts. LET that problem sit there and YES, let HIM learn how to pay back this financial problem on HIS OWN .. through a job that HE works at.
When he FINALLY does not have family bail him out from his financial problems .. I can assure you that he will QUICKLY LEARN That this PROBLEM means a SERIOUS problem when he wants to go purchase things like FOOD or try to rent his own place to live. HE MUST learn this lesson .. and there is NO TIME like the PRESENT.
Remember ... if you LOVE them ... let them go ... and ... BECOME the Responsible Adults that they are MEANT to be!
2007-03-13 11:53:05 · answer #1 · answered by sglmom 7 · 0⤊ 0⤋
Make him pay rent and if he can't then evict him. That way is the only way he is going to learn. If you keep enabling him, he will just continue to make mistakes. Pay off his debts and then, make him pay you for it. If he can't do that, then he needs to find a new place to live. I have a 26 year old friend with 2 kids and a boyfriend living in her parents farm house. They are supposed to pay rent and don't. Parents don't do anything because it causes a problem. They enable her to do so. It is time to quit enabling. I know it is hard to hear, but there will never be a time to go back and change things. Nothing like the present.
2007-03-13 18:01:44 · answer #2 · answered by Peek A Boo 2 · 0⤊ 0⤋
The only way he will learn is to face the consequences of his actions, don't bail him out and don't give him any money for expenses. As long as you cover his overdrafts, if you do, he will continue doing it. Yes I realize he is ruining his credit, but he needs to realize there are consequences to his actions. Maybe, once they turn off his debit card, he will get denied for something and he will finally figure out that money doesn't grow on trees.
2007-03-13 17:47:20 · answer #3 · answered by Kevin J 4 · 0⤊ 0⤋
I went to school and got a BS in financial counseling....what I have to say is that you have to let him work this out on his own. DO NOT bail him out. If you do he will never be responsible with money. Sorry, but a lot of kids go through this. He needs to work with the creditors completely on his own...unless you are a co-signer on his accounts. If that is the case you need to close all accounts and you will probably be the one to pay them off. Good luck!
2007-03-13 17:48:34 · answer #4 · answered by K 1 · 0⤊ 0⤋
Tough love. Cut him off. It's the most loving thing you can do. That is the only way he can learn responsibilty. If you bail him out all the time he will never learn to manage his money.
2007-03-13 17:51:46 · answer #5 · answered by cowabunga mama 3 · 0⤊ 0⤋
cut him off to teach him some responsibility
2007-03-13 17:44:02 · answer #6 · answered by www.japanvideogames.com 3 · 0⤊ 0⤋