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Money and Finances
Reply to "Private school vs paying for inlaws extended care"
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[quote=Anonymous][quote=Anonymous]I'm curious what you mean about helping them out. Does this mean paying their mortgage, nursing home or having them move in with you? I think instead,[b] you should look at their income (social security or whatnot) and see where it can be cut. I would only help out if it was dire, not just to keep them in their upper middle class lifestyle.[/b] [/quote] This. You need to sit down with your in-laws and their accountant and talk about their budget. What is the value of their current home? If they can move into an apartment, they should ASAP. How about cars? How much do they spend on hobbies and travel? You are, IMO, obligated to help out, but not if that means that they continue to live without necessary sacrifices and that your kids miss out on opportunities they would have otherwise had.[/quote]
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