Home > The wallet is CLOSED for good

The wallet is CLOSED for good

January 2nd, 2023 at 08:40 pm

Or Zelle transfers, cash handing out, debit card loaning... whatever you want to call it - it's done. I lent my son $2000 for rent on Dec. 31 - and I said, I'm done. No free money in 2023. I love my kiddos DEARLY. But why do I need to pick up the slack when they aren't giving 100% first? My DIL could be working more, taking on more clients... but she doesn't. It never really bothered me until today when I realized that I KEEP ENABLING THESE KIDDOS! I have to stop. 

We did some good things last year. Spent some good money. Took care of our family... but I have to get this money to start working for us! Lending it out helps no one. So, the answer is NO. Sorry, it's tied up. #sorrynotsorry

I have tax/IRS stuff to work on this month. I need to find a new accountant, and also maybe a financial planner. We did well saving money this year and we also paid down a FULL year off the end of my mortgage and saved 31K in interest already. I just updated my sidebar... Loan was 538K on July 1, and on Jan 1, we owe 527K. We are just going to keep at it. I don't want the payment anymore. 

I did my budget for first half of 2023, and we were able to cut in some areas... for example: We've been with Verizon for 20 years?! My husband had a chance to Beta with Boost Mobile through his work and is paying $15 a month for what he was paying $100 for before. He can't move the family lines over yet, but we will eventually. I need to get out of this brand loyality mindset. It screws me every time. 

I keep hearing about "when this is all over, when things go back to normal..." Why would they ever? If they have us paying $9 for a dozen eggs, why would they EVER lower it back down to $0.99? 

In other news, I have been with my new bank for almost a year... and was just offered the Chief of Staff position for the Mobile App organization. WHICH IS WAY COOL. Except, HR considered it a lateral move, so there was zero increase in pay. And that makes me mad. It will be soooo much more work. Especially my new boss... no kids, no family, works 24/7... He is super fair, and hated that he couldn't give me $$, so he let me know he would make up for it at bonus time NEXT Feb. (my bonus and merit for this Feb. is already figured out). I believe he will, but that's a long time. So, that motivated me to say no to the kids, and also cut down on spending where I can. A reverse pay increase?! Wink

Okay, that's it for now... I need to head to the grocery store. Using gift cards I got for Christmas. Smile

5 Responses to “The wallet is CLOSED for good”

  1. VS_ozgirl Says:

    I guess one thing to consider is how long you have left on your mortgage at your age (I don’t know either, I’m just putting a thought out there). Should the money you have been lending to your children be paid against the mortgage instead? Not only will not lending money to them anymore build their independence but you can really focus on the pay down of your mortgage.

  2. rob62521 Says:

    Exactly on your example of eggs and everything else. Prices go up, but rarely do they drop of any significance.

    I have a friend who recently died. Her sibling said it was awful the way her kids didn't know her except when they wanted money. As a parent you always want to help your kids, but sometimes making them do it on their own is really helping them.

  3. mumof2 Says:

    I said the same thing to my hubby about money and helping people out...not that we do it often but we have told them is good for them to learn to stand on their own 2 guessing they didn't do christmas..or did they not plan for christmas and bought gifts and you just paid their rent...I like that you said no...and I agree with prices...don't think they will ever go down surprised if they do...but better to budget like they won't.

  4. MagicPenny Says:

    Sometimes my 19 year old gets a little whiny when she thinks there is something I should pay for. I remind her that I'm not obligated to pay anything at this point, so she needs to check her attitude Wink

  5. LivingAlmostLarge Says:

    Wait why did you loan your son money? You have your own debts to pay. They need to pay their. How old are they? You have a huge student loan and are in your 40s? They need to be responsible and be an adult.

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