Parents burdening me with loan
My parents bought a tractor without a trolley for 7 lacs loan. They bought a land worth 7 lacs using loan. They dig a borewell for 140k using loan. My father earns around 50k. I earn around 130k. I am living on paycheck to paycheck. They did all these things without asking me. Now who will pay these loans?
I get stressed by looking at the loan.
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I don't understand the current generation, they don't want to help their parents
They are also burdened by raising a kid like you
It's better not to have a kid, rather giving birth and burdening kids... Everyone has life on their own wish to live... It injustice, since parents are giving birth, so the children must to fulfill parents wish/dream/loan/etc.,
I don't think the post is about not helping parents, it's about financial literacy and open discussion of finances. No matter what there should have been a discussion with OP about this.
Tractor is money generating asset and land also. Borewell might be a necessity. I don't see unreasonable expenses here. What's the problem? They took a loan or they took a loan without consulting you first?
They made these descisions without consulting me. At least they should have asked about interest rate.
Really feel sorry for you that your parents are wasting your money on liabilities like land and tractor and not allowing you to invest in assets such as iPhone 16 on EMI and weekend parties in clubs.
Not your loan not your headache
My father is about to retire in 4 years
Are you born after 2000..?
1999 born
Nice try, don't pin this on an entire generation
Not your loan, not your problem.
They don't own you. Refuse to pay it or ask clearly what's the ROI of the expenses(emotional, monetary, anything else)
Indians, especially sons, need to realise that this parents ki sewa, maa baap sab kuch hote hain and being a shravan kumar is destroying a lot of people's mental health.
Indian is mostly of middle class and the breadwinners try to achieve something by buying land or some assets or even they help with their parents to get their siblings married. And sorry to say you feel this since you don't have a lovely family at times.
You could talk about this to your parents and convince them about your burden once, if that is not possible, take some loan for yourself like real estate or any value added loan and tell your parents that you already paying some checks. end of the day, its your decision to support your father or taking self care.
Then emotional dialogues will come...
They made the right decisions, don't worry