These days, parents should not give money to their children even if they desperately need it, unless they want their children’s lives to become increasingly miserable.

Money is incredibly important in life, and our financial beginnings are often thanks to our parents. However, there are times when parents should absolutely not give their children money.


During the child’s development, parents will need to spend a lot of money on their child’s development, but that is only during their early years. There are times when parents should not be ready to give money to their child. If you don’t want your child to grow up depending on their parents, then remember not to give them money during these times:

When the child asks the parents to withdraw savings

Parents’ savings belong to the parents, and the child is not allowed to request the parents to withdraw that amount to support their own business. Therefore, parents should not comply when the child makes such a request, as it further shows the child’s lack of responsibility. This can lead to a financial strain on the whole family. When a child makes this kind of request, it shows that they do not appreciate their parents.

Borrowing debts on behalf of the child

A common mistake among parents is to take on debts instead of their child. While it may seem like an act of love to relieve the child from debt, it can result in the child developing even more debts in the future. Fully paying off the child’s debt does not mean that the child’s problems will be solved. In fact, it may even put the child at a disadvantage in the future. Parents can provide support to the child within their means or help the child seek assistance from lending organizations or individuals instead of taking on the debts on behalf of the child.

When the child owes a large sum of money to the parents and has not paid it back

If parents have lent a large sum of money to their child and the child has not been able to pay it back, then parents should not continue to lend more money. Instead, parents should require the child to make a repayment plan for the outstanding debt and only consider lending more money when the child has fully repaid the initial debt. When lending the next sum of money, parents should request that the child provide a suitable repayment plan.

When the child is living a lavish lifestyle while borrowing money from their parents

This behavior demonstrates that the child lacks responsibility and capability and may be at risk of becoming spoiled. Therefore, in this situation, parents should not give the child more money. Parents’ actions may contribute to the child developing a reckless and extravagant lifestyle. Therefore, parents should avoid showing affection to the child in this manner and refrain from nurturing a habit where the child indulges in luxury and wastefulness while the parents struggle to save. Parents should be cautious to not enable the child in establishing an excessively extravagant spending habit.

When the child borrows money without a specific reason

If the child borrows or asks for money without a specific and justifiable reason, parents should not give in, as it would make it too easy for the child to ask for money in the future and develop a bad habit. Even when the child is still young, borrowing money should have specific reasons. However, if the child cannot provide you with a specific reason for the borrowing, you should carefully consider the situation. According to experts, this could be a sign of the child’s lack of long-term financial vision or an indication that the child is facing serious issues leading to debt.

It is good for parents to love and care for their child, but being too lenient and trusting could be a mistake that leads to unhappiness in the future. Therefore, you need to make sure not to let your child know how much savings you have and not to easily give them money or lend them money when there is no specific reason or when you see that they are not responsible with that money.