#MoneyTalks: "Is it wrong to borrow money from my parents?"

#MoneyTalks: "Is it wrong to borrow money from my parents?"

It's that time of the week again where Vic chats to you about all things cash money.


Every Wednesday, Vic discusses any and all money matters while offering advice to those struggling with any money-related issues.

READ: #MoneyTalks: Outrageous party requests

This week, Vic received the following e-mail:

Hi Vic

I'm 24-years-old and have moved out of the house and I recently had an emergency at home and needed money ASAP to sort it out, so I asked my parents to loan me the cash.

My dad said it was no problem as he had an emergency fund set up for the kids. 

But the day after he loaned me the money, he phoned me and told me how irresponsible I was for not having money saved for emergencies and demanded I pay him all the money back immediately.

He said I should never have asked him for the money in the first place as I'm an adult.

I'm confused because he said he had the money. Was I in the wrong for asking?


Anonymous in Port Shepstone

READ: #MoneyTalks: Complicated credit card relationships

Listen here to find out what Vic and KZN had to say about this issue concerning fatherly funds:

For more unmissable Vic Naidoo moments, listen below:

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