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Results tagged with family
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user 5363
For questions relating to personal finance issues within families, e.g. parental benefits, marital finances, cost-sharing, etc.
3
votes
Accepted
Keeping track of birthday money with double-entry accounting
You should just need two entries in each scenario:
Grandparents send birthday money to the checking account:
Debit Assets:Checking Account
Credit Liability:Birthday Money
(it's not "income" to yo …
- 142k
6
votes
Accepted
Financial Security for a Starting Family
If I was wrong please let me know how so I can learn for next time.
This is way off-topic for Money.SE, but I feel compelled to offer my advice. Feel free to downvote and I'll consider deleting ( …
- 142k
73
votes
Parent asking for money after I moved out
I have no problem with you helping your mother but only under the following circumstances:
You have enough room in your budget to help out. You should not go into debt or sacrifice your necessities …
- 142k
2
votes
Legal constraints on real estate loans to family members
This may seem like overkill for a family loan but it's to protect both of you in case something goes askew, and makes certain that everything is clarified and not assumed (I've seen situations where the … If it makes either of you uncomfortable then maybe a family loan isn't the best option.
There also may be some state-specific requirements that needs to be addressed. …
- 142k
2
votes
What are the risks of getting an additional credit card just so my parents get more points?
Here are some of the risks:
You spend more than you can pay off in a month, wiping out any "rewards" that you earn in interest costs.
You miss a payment and have a ding on your credit record that tak …
- 142k
9
votes
Accepted
What is today's price of €15.000 given 15 years ago?
With no written agreement in place, the "right" rate is whatever both parties can agree to. I could argue that I could have invested the money in S&P 500 index funds and made about 9% annually over th …
- 142k
25
votes
Joint owned property 50% each. Can 50% rent be charged?
I can't speak to the legality of forcing her to pay rent (it seems hard to do that when she partially owns the house). But I would definitely be frank with her that she is getting 100% of the benefit …
- 142k
37
votes
Are my parents ripping me off with this deal that doesn't allow me to build my equity in my ...
Borrowing money from family/friends is always risky. …
- 142k