Stepdad refuses to cosign on his stepdaughter's apartment after she bought a car with her boyfriend of 2 months: 'She is a single mom to a 3-year-old girl, and she's terrible with money.'

His wife is addicted to enabling her adult children and allowing them to continue to make poor decisions.

Being financially stable often comes down to avoiding the dumbest possible decisions with your money. It can be difficult to know what a dumb financial decision is because dumb financial decisions are so normalized. The population at large is addicted to buying cars they can't afford, renting apartments that cost them more than half their paycheck, and putting everything on a credit card they aren't planning to pay off anytime soon. Are you bad with your money if you do all three of those things? Is one of those sins enough to ruin you financially? It all depends on the person and how much debt they're comfortable with accruing.

The dumbest financial decision you can make is cosigning an apartment or a car for a financially irresponsible person. It doesn't matter if they claim that they will keep up with their payments. If they stop paying for whatever reason, the cosigner will be responsible for the whole bill. Do you really want to pay off a car that isn't yours? If you did, you'd give the person the cash to pay for it up front.

via Getty Images (Unsplash+)

_{A couple, who have been together for only two months, kiss in the car they bought together.}
_{Image is representative only and does not depict the actual subjects of the story.}
Advertisement
The stepdad in this story knows that cosigning on an apartment or a car for his financially irresponsible stepdaughter is a bad idea, but that won't stop his wife from doing it anyway. He has expressed his disapproval on the matter, but predictably, nothing he says will change her mind.
Am I the bad guy for not wanting to help my stepdaughter?

via u/Inner-Accountant635
via u/Inner-Accountant635
via u/Inner-Accountant635
Advertisement
via freestocks

_{A young woman goes on a shopping spree despite the outstanding bills she still owes.}
_{Image is representative only and does not depict the actual subjects of the story.}
via u/Inner-Accountant635
Advertisement
via u/Inner-Accountant635
via u/Inner-Accountant635
Advertisement
via u/Inner-Accountant635
via u/Inner-Accountant635
via Yevhenii Deshko (Unsplash+)

_{A nice, expensive apartment that someone with a bad credit score could not afford.}
_{Image is representative only and does not depict the actual subjects of the story.}
Advertisement
via u/LyannasLament
via u/Zherneb
via u/STechGuru
Advertisement
via u/Boobookittyfhk
via u/SHAsyhl
via u/kickhisa_seab
Advertisement
via u/Aggressive_Dress_220
via u/mook1178
via u/el_grande_ricardo
Advertisement
via u/thequiethunter
via u/desireeamc
via u/Kat092620