http://totalcandor.com/blog/2008/03/borrowing-from-mom-and-dad-vs-the-bank/ A Conversation About Income, Wealth, and the Steps in Between Sun, 25 Dec 2011 17:20:47 -0800 http://wordpress.org/?v=2.8.5 hourly 1 http://totalcandor.com/blog/2008/03/borrowing-from-mom-and-dad-vs-the-bank/comment-page-1/#comment-4054 universal life canada Fri, 21 Mar 2008 01:27:09 +0000 http://totalcandor.com/blog/?p=158#comment-4054 Many of us came into the situation when we needed to borrow the money. Not all of us has the chance to chose from who to borrow. Borrowing from bank has clear rules. People monthly pay off a debt. Bank takes interest on a loan. In other hand, many of us think to borrow from your parents. Definitely it is cheaper alternative. But it depends on how much will ask your parents for a loan. Or what else they will want as a compensation. Moreover, it can change the relationship in a family. Many of us came into the situation when we needed to borrow the money. Not all of us has the chance to chose from who to borrow. Borrowing from bank has clear rules. People monthly pay off a debt. Bank takes interest on a loan. In other hand, many of us think to borrow from your parents. Definitely it is cheaper alternative. But it depends on how much will ask your parents for a loan. Or what else they will want as a compensation. Moreover, it can change the relationship in a family.

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