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Reply to "Poll about parents and in laws & money "
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[quote=Anonymous]1. Do they babysit at all for your kids? How many times a year? My parents are local and pick the kids up from school - we pay them. Inlaws are 1300 miles away and absolutely would if they were closer. 2. How many times do you visit them a year? inlaws we fly to see 2 times a year 3. How many times do they visit you a year? inlaws fly to us 3-4 times a year 4. If you fly.. Who pays for their plane tickets if they visit you? they pay 5. If you fly.. Who pays for your plane ticket if you visit them? we pay 6. Who general pays if you eat out or do an outing? we usually pay for my parents who are on a tight budget. with inlaws it's whoever manages to get the bill first but FIL tries very hard not to let us pay 7. Do you borrow money from your parents? no 8. Do they borrow money from you or do you assist in any of their month to month expenses? my parents borrow from us. inlaws would never consider it - FIL will probably continue working until he absolutely can't anymore 9. Do you have savings benchmarked to care for your parents as they age? no 10. Do you plan to take your parents or in laws in as they are aging if they are in a position they can no longer live alone and have your discussed with spouse? we would not take in my parents nor do they expect us to. We would be willing to take in DH's parents. My parents have a history of making very questionable financial decisions and have made it clear that they never want to be a burden on me. It would be nice if they had made better choices (my dad retired early with very limited savings and has bought more boats that I can count while my mother says that she doesn't want to create a budget to live on because "I did that when we were first married and it was no fun") but as long as they aren't destitute I am going to focus on taking care of my kids and my own retirement. [/quote]
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