After moving out from their parent’s house, people try their best to avoid their help in financial matters. The pride of living an independent life is difficult to swallow for the young population. There is no escape to the lecture that follows the financial transaction to make you feel like an embarrassed child.

However, you should ask them for financial support if you don’t want to pay interest to a bank. They will not check your credit profile to assess the affordability of the loan offer. However, it is important to keep a few things in mind before asking your parents for financial help.

When to Ask Parents for Financial Help?

You should always try to manage the financial problems by yourself. Numerous options are available to get financial support, instead such as direct lenders. You can use their instant loans for the unemployed to manage their financial troubles.

There are many reasons to put the parents’ help as a last resort for help. You don’t want to put unnecessary stress on their financial condition when they are near retirement. Furthermore, it reflects poorly on you being a responsible adult in a requirement for support as a child.

More importantly, they will not be able to help you forever because of the unfortunately obvious reasons. You should learn to clean the mess yourself as it will help in the future. It becomes a habit for many people to rely on their parents even in case of a minor hiccup.

How to Ask Parents for Money?

Asking for financial help from parents is very common for young adults. Remember, you are borrowing money from them, and it will require repayment. Therefore, you must follow some guidelines to make sure your adulthood pride remains intact while asking your parents for money.

Try to Find Alternatives

Again, taking financial help from your parents should remain the last option on your list. The first step itself requires a person to try and solve the problem on their own. You can take a personal loan from a direct lender or bank.

The other solution includes finding additional sources of income to manage the added stress on your budget. You can work part-time after office hours to raise more money. The other alternatives include a side hustle, a few gigs as a freelancer, or selling the clutter from your house.

Check Their Affordability

Your parents may have major financial troubles in their life to limit their ability to help. It can range from an insufficient retirement fund to ever-increasing medical bills. Thus, you should understand their decision if they are not able to help you with money.

Many parents are willing to stretch themselves even more to protect their children. You can expect them to provide financial support even if they are going through a very tough financial phase. To make the situation worse, they won’t share the financial troubles with you.

However, you need to make sure the parents can afford the amount to help you. It is your responsibility to prioritise your financial condition over your requirements. In the end, they may retire within a few years, but you have a career ahead to compensate for the damage.

Find Other Ways of Help

Your parents may not provide the funds to manage the financial conditions. But they can help in some other ways to reduce the stress from your life. You can move back to their house to save money on rent and other everyday expenses.

It is okay to live temporarily with your mom and dad until the situation gets better. You can also visit them more frequently to enjoy free meals other benefits. Or, you can use their vehicle if they don’t use it often to put the purchase of a new car on hold.

Prepare a Pitch

You cannot force the parents to help with your unnecessary financial troubles. They can refuse to sign the cheque if you are not learning from your mistakes. Thus, it is important to prepare yourself with the right way to ask for money before visiting their house.

Explain your goals and the efforts you have put in the past to achieve them. Let them share their opinion based on their experience to get involved in the plan. If they don’t offer money themselves, ask for it politely near the end of the conversation.

It’s a Loan

You need to make sure the parents appreciate your efforts while lending the money. They should understand the child they raised is trying hard to live without depending on them. Thus, take the financial help as a loan with a promise to return the amount.

Sign an agreement with your parents with the relevant details such as interest rate, instalments, and the repayment period. It may seem unnecessary, but it helps create a better understanding of the loan terms. Moreover, you will not feel embarrassed while asking for help in the future.


To sum up, asking for financial help from your parents is tough for many reasons. You don’t want to show yourself as an irresponsible adult with no control over your finances. However, the damage to your reputation will heal if you are willing to repay the amount.

Also Read: 5 Tips to Become a Consultant


Amilie wilson is financial consultant at Fortnitemoney for more than 5 years. She has total experience of 10 years in the field of financial management. She deals the borrowers face to face, handle meetings of the company as a senior financial consultant and share her knowledge and experience through the blogs. She writes all about different loan products of Fortnitemoney in detail.


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