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🔺 r/personalfinanceuProfessionalOwl8660·18 days ago

Am i being selfish or smart by not giving money to parents?

My parents are incredibly financially irresponsible. We lost our house in 2025 then moved to a house paying $3k rent, got evicted in April and then moved to a house paying $2400 rent. My mom makes around $50k and my dad contributes minimally (maybe $5k-$10k) as he refuses to get a proper job. I had told them in repeatedly in spring that they cant afford $2400 and that me and my sister could even share a room but they refused to look at basements or 2 bedroom options. They are also required to pay $500 to the landlord of our old rental due to missed payments. I (22F) just started a full time job this month making more than both my parents do combined ($68k). I have offered to pay around $400-$500 of bills relating to my sister (13F) as I dont trust them to give them the money directly. My mom has asked to “borrow” $500 additional for rent for 2 months repeatedly now (which i doubt she will repay if shes already always short). Since I am not ready to move out yet should I give her it to prevent being evicted again? There is also other issues where my dad is arguing with the landlord constantly that might get us evicted despite this. I have $46000 in OSAP to pay off and i work downtow…
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Personal Finance
Personal finance in the USA — budgeting, investing, taxes.

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