shreyasfifa wrote: ↑Thu Jan 24, 2019 2:23 am
AlphaLess wrote: ↑Wed Jan 23, 2019 9:07 pm
One other thing: I am able to help less fortunate relatives.
I'm curious. Do you set aside a certain amount to help your relatives? I got a call from one of my realtives since they know/think I'm well off and I had to decline their request for money. I knew that getting it back would have been next to impossible.
I want to know how you do it. Thanks!
Everyone's situation is different but
We are helping my sister in law, who has a 3 year old.
#1 As soon as the money leaves my wallet, I know I'm never going to get it back.
#2 By giving her this money, she is now giving me the right to tell her when she is doing something stupid. I treat this 35 year old woman like she is a kid since she acts like one financially. When she stops borrowing money from me, I will stop giving my opinion unless she asks for it.
#3 I love my niece and this is the only reason we help my SIL. If it wasn't for my niece, the SIL would get $0. She has proven to be worthless over the last 17 years and I don't see that changing.
#4 I try to give items that only can be used for our niece. When I do give money for things like heat, I pay directly to bill.
#5 We're saving for our nieces future. Just my wife and I know this. We also need to adjust our will so that our niece is taken care of but her mother is not.