See Jane Get Rich
A Personal Finance Blog-
February 4th, 2010Family, PF Lessons, debtDecember 2009
I finish all my exams and arrived home for my winter break. The very next day, I start my holiday job at the big box retail store. The Other Child (OC), my older sibling, was back at home because the OC quit a training program/job after six months and was about to launch an entrepreneurial effort. The OC spend all its time at home researching and doing various things for this new business. You know, the business that was going to be the one that succeeds.
Bum my parent and I spoke again about the loan. Bum was not going to cut off the Other Child completely as I desired before the OC’s business took off…which could be a number of years. But, after having a $0 tuition bill for the last two semesters I would have to pay $9k in tuition for my final semester of law school. That was going to hurt me financially. But, I can’t stand by and do nothing while Bum struggled with credit card debt.
I decided to help Bum out by giving a loan of $15,000 without any of the earlier conditions for three reasons.
Tags: Bum, Family, Loan, Other Child -
