The family tag has no wiki summary.
2
votes
3answers
83 views
Is there any “Personal” Finance app that allows 2 administrators?
I'm an advocate of marriage meaning together in everything.
Sometimes even work. But i've had some trouble finding a "Personal" finance app that would allow me to make shared budgeting and allow ...
3
votes
1answer
121 views
Family/divorce lawyer wants large retainer before taking on case. Is this normal?
My friend needs to get a separation agreement and divorce. The law firm she called asked for a retainer of several thousands of dollars up front before doing any work. Is a large retainer normal for ...
9
votes
3answers
267 views
How should we deal with money during my spouse's maternity leave?
I recently realised that my partner is more anxious than I suspected about what we're going to do about money.
Principally, she feels guilty for spending money on herself, and is worried about the ...
3
votes
3answers
194 views
How to protect your parents if they never paid Social Security?
I am helping a friend with some financial advice, but his situation is very unique. His mother (US Citizen) married a foreign national.
He worked all his life as a merchant or in a restaurant he ...
1
vote
3answers
571 views
How do we share vacation costs between families for lodging and food?
If you are taking a vacation with several other families, some with kids and some without, how do share the costs for lodging and food?
In my situation we are renting a house were we will all stay. ...
6
votes
2answers
128 views
How does taxation change when I have a child?
My wife & I currently both work full-time (in Australia) and I'm curious what changes would take place to our income taxation when we move from 2 incomes & no dependents to 1 income with 1 ...
9
votes
4answers
645 views
Buying a home with down payment from family as a “loan”
First time here, so please be gentle!
I am thinking of buying a home, and have enough steady income to comfortably afford the monthly payment on the loan. However, I will need help with the down ...
3
votes
1answer
114 views
loan taken on my friends name for someone else
My friend has taken out loan for his brother in law, and is a guaranteer for two other loans taken on his friend's name. Now he is not paying his EMI, and debt collectors are troubling us. Is there ...
5
votes
6answers
298 views
How to plan my Finances when about to have a baby: What are some considerations to be aware of?
I would like some insight into the process for financially planning to have a child. Outside of the obvious upfront medical expenses, what are some important financial considerations that I should be ...
12
votes
1answer
465 views
Do I actually have to pay my daughter minimum wage for helping around the house?
I blogged about my discussion to this question.
When I mentioned that I paid my almost-six-year-old daughter $2 for a job that took an hour I had a commenter say that I paid her "below minimum." ...
8
votes
3answers
3k views
If I pay someone else's property taxes, can I use it as a deduction on my income tax return?
I'm planning on paying the property taxes of a home my mother-in-law owns. She owns the house, but I live there. As part of the bargain, I agreed to pay the property taxes.
If I write the check ...
10
votes
6answers
563 views
How can small children contribute to the “family economy”?
As part of children learning the value of money, I believe it is important that they learn to earn their own money. While I could assign arbitrary monetary values to household chores such as ...
6
votes
4answers
444 views
What do you do when a family member won't pay you back?
What do you do when a family member won't pay you back?
5
votes
4answers
267 views
Would it be better to borrow money from an elderly relative than from a bank?
Would it be better to borrow money from an elderly relative than from a bank?
13
votes
10answers
3k views
Someone asks you to co-sign a loan. How to reject & say “no” nicely or politely?
Hypothetical situation:
A dear friend or family member comes to you and asks you to co-sign for their loan. Let's say the reason they need the money is not a life-or-death type of situation. ...
10
votes
7answers
1k views
Why do people take out life insurance on their children? Should I take out a policy on my child?
I've always found those flyers that the schools send home in September contemptible. But maybe I'm the one in the dark...?
If the purpose of life insurance is to replace a wage-earner's income in ...
5
votes
3answers
115 views
What are some ways your family has saved money via resource-sharing or hand-me-downs?
For instance in our family, baby items - from the big (cribs, changetables) to the small (clothing, bottles, toys) - are constantly passed around from brother to sister to cousin and back again. It ...
5
votes
3answers
142 views
How do you save money on clothes and shoes for your family?
I feel like I'm constantly buying clothes, shoes, boots, jackets, hats, etc. for my kids, because they grow so fast! I try to re-use via hand-me-downs, but are there other ways I could be saving ...
7
votes
2answers
149 views
How do you make sure your child's birthday party doesn't break the bank?
I've been to childrens' birthday parties that clearly cost in excess of $500 when the price of the venue, activity, food, cake and loot bags are factored in. I don't want to spend a lot in order to ...
7
votes
3answers
1k views
Should you co-sign a personal loan for a friend/family member? Why/why not?
I know someone who was recently asked to co-sign a hefty loan by a family member. I don't know what I'd do if I was put in the same position as the one asked. What are the risks? What are things to ...
7
votes
3answers
219 views
What are the pitfalls of loaning money to friends or family? Is there a right way to do it?
What are the pitfalls of loaning money to friends or family? Is there a right way to do it?
8
votes
3answers
447 views
Where can I find an example of a really basic family budget?
It's about time that I took my family's finances seriously and built a budget. I'd rather not start from scratch, and am thinking, "surely, I can benefit from someone else's work?" - can someone ...
