Do you share your salary information with your family?

Anonymous
Anonymous wrote:
Anonymous wrote:It's a mistake if you do. Learned that the hard way.


Why is it such a big deal?


Because the poor ones think you are rich and ask you to pay for college or other emergencies.
Anonymous
Anonymous wrote:Your parents? Siblings? In laws? Why or why not?


Nope. None of their business. All grandparents and siblings are doing fine, no competition, tbh, it's the next generation, the grand kids (all in college or grad school), that I am worried about
Anonymous
Yep. My mom is Korean, and she knows all about how much I make, what I'm invested in, and my net worth. We're just like that...
Anonymous
No. Why would we? We don’t discuss our salaries or net worth with our grown children either.
Anonymous
Anonymous wrote:
Anonymous wrote:No, but my teenaged son saw the offer letter for my current job on my desk. Whenever I tell him “no,” I will not buy X, he replies that it’s only .00X of my salary and I make enough to buy whatever it is he wants at the time.


They sent you a paper letter? That's so quaint.


No- email, but I had to print it out to sign and scan back to accept.
Anonymous
My salary is public knowledge.
Anonymous
No, but they can probably figure it out based on our lifestyle - our HHI is about $140k. It might be a bigger issue if we had six figure jobs, I suppose. Our kids are in college and we have had detailed financial discussions over the past few years so they can understand our decisions and their options.

I have a friend who struggles with this issue because his extended family members constantly ask for money for everything and push to know what they do with all of their money.
Anonymous
Anonymous wrote:Yep. My mom is Korean, and she knows all about how much I make, what I'm invested in, and my net worth. We're just like that...


…which your mom then tells all the moms in her networks (family, neighborhood, church, alumnae groups, etc.) and then our moms tell us, lol. Especially if you give your mom an allowance, buy her a car, etc.

I told my mom my first salary out of college. She told another mom in a fit of pique when the mom questioned how I would survive in NYC on a teller’s salary. (“She’s working for an investment bank, not a retail bank, and making $X….she’ll be fine.”) That was the last time she knew what I made.
Anonymous
My mom is insanely curious and will hound me until I tell her. It’s annoying but that’s how she is. My dad never asks.
Anonymous
Do not share with siblings and parents are too old to care. I do know how much my recent grads make. But after a while I’m sure they will keep it private.
Anonymous
My wife will ask our DC to share everything and even goes to the extent of telling how much to save/invest etc. I just want to know that they are comfortable and happy. Though it all comes from a good place, I don't think she shares all that info with her parents or she'd be happy if they started to pry about our finances.
Anonymous
My mom and I are both teachers so we have a pretty good idea due to public records and don’t bother discussing.

We do discuss savings and she has gifted us a bit to get ahead of estate issues. She grew up poor and went to a one room schoolhouse on an island in Canada. She has a lot of hangups and doctors this or lawyers that due to class. Technically I am wealthier than the average doctor or lawyer but doesn’t matter to her. It just drives me nuts how she refers to these professions rather than the people themselves in conversation.
Anonymous
No way. Our families think we are poor and I'm totally fine with that lol.
Anonymous
yes.

and frankly if you can’t share this you come from a bum family lmao

some families are wholesome and filled with love and believe in sharing the abundance that they have.
Anonymous
One set of parents has a pretty good idea of our net worth. Our kids know it, too. We have not shared with siblings because we are better off than they are and don't want money to be a source of tension.
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