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Reply to "In-laws are broke, DH has offered to help"
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[quote=Anonymous][quote=Anonymous]By paying their mortgage so they do not have to move out of their home and into a cheaper apartment. It is a decent chunk of our monthly expenses, but doable. However, it sets us up to not save for a down payment on our own home (we are renting) and college savings for our DC. There are more details to share, but I am such a mix of negative emotions. Of course, it is his parents, and he has to help him if that is the right thing to do. But I am feeling selfish about the whole thing-- more so that we have to take on the burden of his parents not managing their money. The whole thing is really just sad on so many levels. [/quote] OP, I'm sorry - this is not an easy situation. How old are his parents? Are they able to work PT jobs to defray some of the expense here? Perhaps let this go for some months, then crunch the numbers on the consequences in the short/long terms as well as research alternatives (e.g., cheaper apartment) and sit down and discuss with DH. While we never had to dig deep into our HHI/savings to assist my parents (who were good with their money, but simply didn't have much even though they worked all their lives), I always appreciated that DH never blinked about it. If anything, it motivated me more to pursue options for them as I knew there would be some safety net if it came to that. [/quote]
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