collegechemistrystudent said:
hairwegoagain,
would you please look at that second paragraph and tell me what you think? My father did give me $2k before he sold the house, because at the time I thought that was all i would need get the laser procedure done before I graduate.
I think that's a nice gesture. What did you do with the $2K? Hopefully you didn't piss it away on hair crap.
He gave my brother the same amount, but would not give my sister any because she is not talking to him anymore since he kicked her out of the house without warning after she had finished paying of most of his debts and he no longer needed her.
I'm not qualified to comment on your unique family situation.
Right now I'm getting more loans from college than i need, and can pay for LHR before i graduate, but it would be nice to get it done now while I'm waiting for my grafts to grow out, instead of after I have all my graft procedures done.
I AM qualified to comment on matters of spending, saving, and money in general. It's a bad, bad idea to borrow money that you don't need - especially when you don't have a job. It may seem like free money now, but you WILL have to pay it back. It sucks to see your paycheck chiseled down to nothing.
I'm sure my father thinks that since he had a bad childhood, I should not complain. But i did give him at least 15k after expenses are subtracted. i never said it was a loan though. It was just a gift for family at the time.
Many folks pitch in to help when family needs arise. It was rather mature of you to do so.
i'm just hurt that he won't help me now that he is well off. he is 59.
Keep in mind that you are well into adulthood and are not
entitled to such gifts.
I guess everything's relative, but $300K in assets is not what I'd call "well-off" for someone entering retirement. That money has to last an awful long time, providing reliable and safe income. Today you're doing pretty well to earn 5%/annum on cash balances. Do the math - $15K isn't exactly the high life.
Frankly, I think you should table these procedures until you have the means to pay for them in cash. You've stated that you have college debt, and I imagine that's not all. Credit cards? Debt from getting your hair transplants? I suggest you cease significant optional expenditures until you have the means to pay for them with your own money.
Sadly, money management is not something taught in school. It's unfortunate because the money you
don't spend in your 20s and 30s, time being on your side, can easily catapult you into substantial wealth. This phenomenon is not dependent on extreme compensation, either.