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How Do You Ask Your Parents For Money?

cutest cat in the world As our Tame The Bear community continues to grow, we figured it’d be good to start hearing your stories and ideas from the front-lines of the recession.

So let’s begin: How do you ask your parents for money? and alternatively, How much are you asking for?

I’ll kick things off:

I’m not going to lie. My folks are one of several investors in this little operation called Tame The Bear, along with a guy named Tony “The Shovel” Santini, who’s actually a lot gentler than his name would suggest.

But I remember after college, it would be a long, sustained effort that would span a month or two, much like a “long con” (mom, if you’re reading this, sorry, but it’s true.)

I’d focus on something that’s bugging both of them, which at the time happened to be a nagging leak in the house roof. Of course, they never really got around to permanently fixing it, so I’d take it upon myself to find a good roofer, get the estimate approved by my dad, and have him finish the work in a single afternoon. (Correction, a “shingle” afternoon.)

With this nagging problem off their back, I was in a strong position to make the next move: The ask.

I’d show my dad credit card statements of how/where I’m spending my money, and if there are more beneficial things I could be spending it on (such as a Rosetta Stone “Learn Portuguese” pack… I’m coming for you, my Brazilian bride!)

Yeah, it’s sucking up, but the more subtle and natural, the less likely I’d get a flat-out “No.”

Imagine these people are investors that you want money from. You have to pack a convincing case to get what you want, and not just “Hey ma, give me $200. For what? Uh… Did you lose weight?”

Share your own wisdom in the comments!

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  • More Posts By Hassan S. Ali
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Comments (2)

  • Honesty is the best policy! It hurts to ask, but being clear about why sure helps. Also keeping up the actual relationship for real real rather than seeing your parental unit as an ATM sure helps (which is part of what you are saying I think). But dang, it is hard to admit defeat and ask in the first place. I read gen x is the first generation of the many that will follow that will not do as well as their parents did. Which is comforting (it ain’t just me) and completely revolting at the same time.

  • After my money is direct deposited into my account I automatically reroute part of it into my mom’s account. She no longer has to work so the roles are reversed and she never has to ask :)

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