How do I ask my Uncle if he will borrow me money?
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i don't know of any good way to for money from a relative other than just asking politely. be prepared for your uncle to not remember having said that he'll help you out. when my hubby and i were first married, freshly graduated from college, bought a townhouse and had a baby, we were broke-as-a-joke. my m-i-l offered to pay for half of a surgery that i needed in casual conversation. after the surgery, hubby brought that conversation up to her and she had completely forgotten about it. she happily paid for half the surgery, but i felt awkward around her for a long time.
can you go to a food pantry for a month or two? that is why those places exist and you could use the money you save on groceries for rent. i know our church is happy to help, especially on a short-term basis.
also, there are places that offer rental assistance. my sister lived in low income housing while attending college; her rent was $65 a month based off of her income as a part-time bartender.0 -
Never borrow money from a relative. I suggest you find other means some how some way.
^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.
Seriously please ignore this!!!!! Borrowing at really high interest rates is NOT going to help anybody's long term finances. If a 21 year old has family willing to help, why not? He offered after all. I don't know why there is so much negativity towards the original OP on this thread!!0 -
Please, please ignore this advice. This is really bad financial advice.^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.0 -
Please, please ignore this advice. This is really bad financial advice.^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.
really really bad.
It took me three years and I paid back a total of more than $2400 to pay off a $400 loan.
Thesse kinds of loans are a very very bad idea. They are predatorily expensive.0 -
Never borrow money from a relative. I suggest you find other means some how some way.
^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.
PLEASE, never ever ever take a payday loan!
ANYONE!
I work for a major financial institution and spend a majority of my day every day filing disputes against these companies. They are god-awful and will rape your bank account for thousands if you borrow 200. Seriously. Our fraud department has to go after these *kitten* constantly.0 -
I can't imagine what that would be....
Says the guy who wants to be a good example for his wife and kids. Nice.
It was a joke. If you can't see that then you probably wouldn't understand any other response I would give to you either.............0 -
Never borrow money from a relative. I suggest you find other means some how some way.
^^^^^^THIS. IT IS NOT WISE TO BORROW MONEY. SEE IF YOU CAN GET A PAYDAY LOAN OR A TITLE LOAN OF SOME SORT.
These are a fortune in interest. That fine print during the tv commercials. The one the one that featured Gary Coleman was like 400% or something crazy. She'd be better off asking her uncle (especially if he offered) and paying him back what she borrowed. My daughter is in college and though she lives at home, she has a bill that she pays by herself. She works at a grocery store and is only usually scheduled once or twice a week in 4-hour shifts. She has applied for a second job and followed up and applied again, but no one has called. It's rough but the only thing she can do is call her job on days off and ask if they need help or hope that they call her. I feel your pain, OP. Just ask him as soon as possible to give him and you time to make any adjustments. The worst he can say is "No". If he does, you'll know sooner rather than later and will have time to find another option. GOOD LUCK!! :flowerforyou:0 -
I didn't find the humor in it, especially when it was directed toward a 21 year old, female, college student in need of financial help. Sorry. Just not cool to me.It was a joke. If you can't see that then you probably wouldn't understand any other response I would give to you either.............0 -
Borrowing money from a relative is not the greatest situation, but come on. It's $150 and he offered. Just have a realistic plan of how to pay him back - even if it's $10 a week, he'd still get his money back in a few months.0
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i don't know of any good way to for money from a relative other than just asking politely. be prepared for your uncle to not remember having said that he'll help you out. when my hubby and i were first married, freshly graduated from college, bought a townhouse and had a baby, we were broke-as-a-joke. my m-i-l offered to pay for half of a surgery that i needed in casual conversation. after the surgery, hubby brought that conversation up to her and she had completely forgotten about it. she happily paid for half the surgery, but i felt awkward around her for a long time.
can you go to a food pantry for a month or two? that is why those places exist and you could use the money you save on groceries for rent. i know our church is happy to help, especially on a short-term basis.
also, there are places that offer rental assistance. my sister lived in low income housing while attending college; her rent was $65 a month based off of her income as a part-time bartender.
Very good advice. There is help out there. It may take a little legwork, but if you are able to get it, it's well worth it.0 -
About a year and a half ago my Uncle was driving me home from a family event and he told me that if I ever needed to borrow money, I could just ask him for help. So now I need money but I don't know how to ask him! Help!?
He made the offer. Call him and say what you've said here and ask for it. But ask him to loan it to you, not borrow it to you.0 -
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So, I guess you missed where she said she was looking for another job? And why isn't it ok to borrow from a family member?She thinks its ok to "borrow" someone some money. She has given up and has no drive to find an alternative...Id say she is almost there.
Than what? Borrowing from an unlce who offered to help?Besides stripping is a lot better financial choice.0 -
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So, you'd consider your advice of hooking as "proper"?OP...you should probably just ask MacPatti she seems to be the only one capable of giving you the proper advice0 -
I'm sorry about the "get a job" type comments, it's a tough economy, and I have many professional friends taking p/t jobs because it's all they can find. I have compassion for you.
Although, I agree, that I would try, if at all possible to not borrow from relatives, if you must, there are some things you should do. I lent my cousin 2K, 4 years ago when she was really struggling, she promised to pay it back within a year, but in reality, she has avoided me like the plague, and everyone has told me to consider that money "gone".
So, I learned that lesson the hard way.
****If you ask your uncle, do it in a legit fashion. Put it in writing that you will pay him back, and give him a timeline of when you'll pay back the money, whether lump sum or payments. That way, he can be sure that you will pay him back, and you can feel comfortable that you are treating this in a mature and smart way. ***0 -
The bills come in every month at the same time for me...how about you? Better put your big girl panties on cause the uncle is only good for one loan. What will you do next month? You will be on the streets if you don't get it together. There is nothing wrong with working ANYWHERE part time along with a full time job if the other option is living on the street. (forget prostitution, if you can't pay your bills you will not be able to pay for health insurance to take care of the STD's you will receive from your kind customers.)0
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Short and simple;
keep looking for a job, find side jobs, have your BOYFRIEND find something to help you guys out as well, and ask your uncle if you can borrow the money and you will pay when you're able to!0 -
The bills come in every month at the same time for me...how about you? Better put your big girl panties on cause the uncle is only good for one loan. What will you do next month? You will be on the streets if you don't get it together. There is nothing wrong with working ANYWHERE part time along with a full time job if the other option is living on the street. (forget prostitution, if you can't pay your bills you will not be able to pay for health insurance to take care of the STD's you will receive from your kind customers.)
and ^^^^^^this!!
mine come every month at the same time as well
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Live in an apartment? Post an ad to clean someone's house etc.. Craigslist..
Simply ask.0 -
Yes would like to put it more kindly than the previous posters who I think are being pretty tough.
This is a big problem and although lending money off your uncle might help in the short term in the long term it will make things worse as you still have to pay it back - if you aren't making ends meet as it is where will you find the spare money to do this?
You need to completely look at your budget with your boyfriend. Finding extra work is all well and good but as we all know these days that takes time too.
Accommodation is a big cost - how can you reduce that? should you find a smaller apartment, do you have family you can move in with for a while or friends you can house share with? Do you have room for a boarder to help with the costs?
You need to drive 30 mins to work? Can you reduce this cost by cycling, or public transport is there any way you can do that?
Is your food budget wise, or can you spend less that way.
you need to really examine your outgoings and make sure they are as low as possible, seek budgeting assistance if possible.
Instead of borrowing from your uncle perhaps an extended overdraft which you set immediately to reduce every week so that it is being paid back straight away.
And yes increase income, either by a boarder, more work for both of you whatever it takes.
but don't just look at debt as a way out because things can very quickly spiral out of control that way.0 -
Now that's out of the way (it's lend!)...
Just be upfront and honest. Tell him you need help, or you'll have to skip rent this month.
Thank you!!!
It drives me crazy when people say "can you borrow me some money"0 -
Sell one of the cars and share the other one? It'll cut down on fuel, tax and insurance costs too.0
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Good job on finishing school. And I take it you did that without help from parents because you mentioned they were tight on money. You should be proud. That takes dedication. And you have found your way here to be healthy. I think you try. Your Uncle must see this in you also. I NEVER offer to help people who don't try to help themselves. I'm not going to offer money to the local crack head. Family or not. Things always seem harder when you play them over in your mind. HE told YOU he could help you. So, just go to him, tell him what's going on. Assure him if you have 5.oo extra bucks you wont spend it on a burger. You will give it to him. Tell him you would be willing to do any odd jobs for him that you could if he wants. If he lets you work it off, then do more then he asks of you. After all, no interest on this loan. I wish you the best here. Keep your head up.0
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No one "borrows" you money but you could try asking him to loan you some.0
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Borrowing money is always bad; it ruins relationships. You may not be living within your means. I'd figure out what you can cut back on, get an additional job, get a roommate, move into a smaller place, etc, etc...... I wouldn't ask him to loan you money.0
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How many hours a week do you work? If it's less than 80, get a part time job.
^^^^This^^^^ And please don't use the 'I can't find a job' line. You could babysit if nothing else, assuming you are honest, reliable and dependable. If you have those qualities and have any gumption whatsoever, you'll have a clientele built up in no time and be able to make quite a killing. If you don't have those qualities, or you're waiting for the perfect job that pays great but doesn't interfere with your life or require much effort, well good luck to ya...
two people who just don't live on this planet right now ^^
THERE ARE NO JOBS.0 -
If you ask for money I suggest you have a plan on how much money you need to get you through your rough spot.and what you are going to spend it on. I would also suggest you provide a payback plan in advance. Asking for just enough money to pay your share of the rent and having no plan to pay next months rent will leave you in the same position next month.
Oh.. you might want to consider different living arrangements if you guys can't afford rent.
I was going to come up with some type of plan for how much I need. I do have a plan for next month, which is having a second job and getting caught up from being in a tough spot.
Yes, find different living arrangements, that makes sense?! Wtf, really? I've never in my life had problems paying my rent before now. People get caught in jobs that don't pay well or that I must spend 1/3 of my paycheck on gas. I don't want to be in this situation, but right now I'm really behind.
i think this forum is rather silly.
Just ask him.
I think it's ok to borrow money from relatives. I have done it. I have had to. I was unemployed. The problem was, I couldn't find a job (took me about three months after passing the bar exam to nail down a job)....
he can say no.
but if he says yes, you better pay him back.0 -
↑↑↑ This! It will effect your relationship - he will no longer be your uncle but the guy you owe money to. Anytime he sees you, if you happen to have a new outfit, new jewelry, or be eating out at a nice restaurant, he will be thinking, "WOW! They have enough money for that, but cannot pay me back."Never borrow money from a relative. I suggest you find other means some how some way.
Well, I guess I'll just move my stuff to the street now, because I need to pay rent somehow!
OK I understand some people are being rude on here but you seem so mad! You knew you were going to get these answers since you kinda answered your own question. He already offered so be a grown up and be honest with him or figure out another way. My rule, NEVER ask for money from family...it can get ugly.0 -
Ask him for the money. He will give you what you need. Draft a repayment plan, complete with payment dates, and explain to him what your financial situation is, and when you expect to start making payments on the loan. You and your boyfriend don't need two cars, let alone a car that comes with payments. Either sell it to someone who can make the payments, or let it go back to the dealership after you make the next payment. His credit would take a hit if he opted to send it back, but it wouldn't be nearly as bad as it would be if he lost the car. The two of you are in dire financial straits, and a car that isn't completely paid for is a luxury. It shuld go. He can get a cash car with the money he saved from not making payments. You don't have to live like this forever. Just until you get things on an even keel again.0
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