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Reply to "Parent subsidizing my sib big time but not me. Would you be ticked?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My sis and I are on different paths. She coasted for a while after college, worked for years at a movie theater, lived at home for free or nearly free, etc. Substantial drug use. But she now has an office gig making around 50k. She is 30, engaged to a guy making around 70k, and they live together. They are trying to buy a home, and apparently she is getting a big assist with her down payment from mom. I think 50k. She has gone from shopping for homes around $350k to $500k. I am mid 30s, a lawyer in biglaw. married to a lawyer working part time at a small firm. HHI around 400k. We are semi-frugal but have kids to support, high child care expenses, etc. We are doing well. But, we are looking to move to a top school district in 2017 and don't have enough cash for a down payment yet. I asked mom if she was going to match her gift to my sis with one to me, and she said no. I know my financial picture is better than my sis's, but that's because I put myself through law school, work harder, have been more responsible. Anyway, I just don't think it's right for a parent to make such a big gift to just one child. She wouldn't get my sis nice Xmas gifts and me crappy gifts or no gifts. She wouldn't leave my sis 60% of her estate and me 40%. So, is this fair or unfair? (For the record, I would never have asked for help, just wondered if I could expect something). Would you subsidize your own kids unevenly like this? [/quote] Good news is, your sister will end up being the primary caregiver of your parents as they grow older.[/quote] Sadly, it doesn't usually work that way. My parents subsidize (read: enable) my adult brother. They provide full-time childcare for his kids for free. They have cosigned or put money towards every major purchase he's made. They've also paid for multiple trips to rehab since he was a teenager. He's a very skilled contractor and can't be bothered to make minor repairs around their house. I realize they've put themselves in this position but they feel obligated to his children because they know if they set boundaries his kids will be the ones who suffer. I love my parents very much and despite their unhealthy relationship with my brother I've managed to maintain a good relationship and decent boundaries with them. At times I'm a little bitter that my DH and I pay two very expensive daycare tuitions while my brother gets a free ride; I remind myself I like my independence. But I suffer no delusions that my brother will be repaying my parents' many kindnesses by taking care of them in their old age.[/quote] Well, it's time to make it clear to your parents. Their time and money? They decide Your time and money, and your DH's? You'll decide[/quote]
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