My Family hung out yesterday and the first thing my Mom said to me was, "I decided to make that loan from last year a gift so don't worry about paying it back, ok?"
No, Mom, not ok.
Backstory: I borrowed $1500 from the parents last January when I moved into my first apartment. Little did they know, ALL five of my credit cards were maxed out. I also owed another family member $1700, but I paid that back this June.
I have borrowed money from them before, but not this much. I know it's a lousy excuse, but I find it hard to talk with them about payment plans and deadlines because they are really laid back and say, "Oh, just wait til you have it and give it to us all at once. No rush."
I was really just trying to be smart and throw my money at the high interest rate stuff first and then pay them back next summer and add some interest or give them a thank you gift with it also. I'm not sure what my parents are thinking, but I'm guessing that they think I'm in bad shape and I feel like a jerk!
I got my mom to agree to "revisit" the topic...in five years!
I'm really uncomfortable with this whole thing and think that maybe I should just pay my family next week, push my credit card payoff back by two months, pick up shifts at the second job, and try to put as few xmas purchases as possible on plastic.
Suggestions? Would you let someone "forgive and forget" a loan?