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People suggested that I pay for the school of my brothers and sisters and not send them an allowance. I did that for one of my sisters a few years ago. I paid for her to go to a beauty school and attended and got bored and flunked out about three quarters of the way through. Now she works as a grocery check out person and makes about $9 an hour. No beauty career for her.
Then um, no, not for her anyway.
I'm pretty sure the answer here is clear!
And you've been given the same advice on your other threads.
I still don't understand why this is still being questioned or considered.
I would probably NOT do anything for the siblings, but maybe help their kids out in a way that teaches them something for the future. I'm guessing that the siblings, if they are middle aged, earning under $10 per hour, and badly managing their money, are probably a lost cause.
Perhaps encourage the kids/adult kids to save, and offer matching dollars? Like if they are saving up for a car, college, tech school, grad school, or to buy a home, give them an incentive to save by matching them dollar for dollar, or 50 cents on the dollar. Or to be extremely generous, if there's a high school student who's smart, tell her that if she gets straight As, or graduates in the top X% of her class, you'll give her X amount for college, or pay the balance for college after whatever her merit-based scholarships pay.
Offer them a reward for paying off any debts they have--If you pay off all your student loans, credit cards, or car loan, by X date, I'll send you to Hawaii--for example.
I would - to a certain extent. And it depends on how much money I have!
I probably would buy a house for them to live rent-free. I would not give them a house. Or money. Or a job, if I had the wherewithal. But I would not give them an "allowance" of money to spend, unrestricted.
I would be very generous in gift giving, to buy them things they cannot afford. I would pay for an education for their children.
Helping to pay for their children's education is one thing, that is a great favor (if you're so inclined). Paying for a middle aged adult who continues to make bad decisions is a poor idea no matter what.
Well, on previous threads your husband inherited big bucks, plus now you also make bookoos of money, why not just send each family member 13K a year as a gift...then you can all be broke in several years...and you can stop bragging about all your moola....sounds like a plan to me.
Most people are never satisfied with how much you give them. It's a sense of entitlement that you should take care of them for the rest of their lives.
Well, on previous threads your husband inherited big bucks, plus now you also make bookoos of money, why not just send each family member 13K a year as a gift...then you can all be broke in several years...and you can stop bragging about all your moola....sounds like a plan to me.
If this is the case, and you do talk to your family abouy money like you do on here, no wonder they ask! If your fam does not have much I would NOT go flaunting it. I certainly dont to plenty of people. I had a best friend ask how much I was making and I felt unsure to tell him even tho hes a doctor he was struggling a bit at the time.
Not cool to discuss or flaunt possessions to people not doing so well.
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