<prompt> Human: I always knew my parents had a lot of bills but the other day my dad approached me and asked me to take out a loan for him because money was tight. Out of moral obligation, I agree even though I am freaking out to death because I have 25K in student loans and I am saving to move out. He hasnt brought it up again so no loan has been taken out but out of curiosity I went snooping and found a lot of bills that are over 60 days late. Its very frustrating because they are so irresponsible with money and have things they dont need. I know if I bring this up its going to be really awkward and theyre not going to want to hear financial advice from a 23-year-old fresh out of college.Anyone else out there in a similar predicament? Any advices?  <response>: Just my opinion... but you are under no moral obligation to take out loans for your parents, or really to support them financially. If youre 23, that means theyve had at least 23 years to get their finances under control. Its not your job to be a parent to them and bail them out. If it were the other way around, they also wouldnt be morally obligated to support you financially because youre an adult.In fact, I think it would be morally bad to bail them out without some strings attached. If you had the money, you could help them with the agreement that they get into some serious money counseling and correct their irresponsibility. If you bailed them out by just handing them money, youre just delaying the next bigger money crisis.BUT you dont have any money to help them with youre 25k in debt and would have to take out a loan for them anyway so thats a moot point. Just steer them towards as much financial responsibility and counseling as you can. Do not go in to more debt yourself because your parents, two grown ups, cant figure out how to be adults about their money.Anyone else out there in a similar predicament?Kind of. My parents divorced a while ago due to money problems that led to other things. My mother is absolutely horrible with money. 15k credit card debt, no savings for retirement in her mid 50s, and wastes all her money on beer and cigarettes. Shes living in a paid for house her boyfriends inheritance and cant manage to get ahead with her money somehow. One time I went so far as to pay off half her credit cards for her... 5 years later and shes in even more debt and still cant manage her money. Ive learned you simply cant fix someones finances by throwing money at them. 