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Search options answers only not deleted user 44366

For questions relating to personal finance issues within families, e.g. parental benefits, marital finances, cost-sharing, etc.

8 votes

Considerations when providing money to one child now, and the other later?

Family is far more important than money. Loaning to family creates confusion "Loan or gift?" The problem with lending to family is that you are expected to understand if they are having trouble. … This is a recipe for family disaster. The myth of "keeping it in the family" This point brought to you by the word "Fungible". Let's say your brother sells BBQ sandwiches. …
Harper - Reinstate Monica's user avatar
57 votes

Parent asking for money after I moved out

It is cheaper for your family to get these things together than each having standalone cell phone plans, car insurance and health insurance. Make sure you do pay her your fair share of those.. …
Harper - Reinstate Monica's user avatar
4 votes

Open Money Transfer card in my name for family member's debt

You want to be loyal to your family, and get along with them, but also do money transactions with them. Those three don't play well together. Don't take my word on it. … Search this forum for discussions of family, money, and loans. ("Cosign" is another winner). Follow financial experts (like the US's Suze Orman or Dave Ramsey). …
Harper - Reinstate Monica's user avatar