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Reply to "Tension with Wife's Family over Finances"
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[quote=Anonymous]I'm from an UMC pay it forward family. It's common to get no paperwork, 0 interest loans, from family. There's an expectation the borrowers are paying it back barring unforeseen circumstances. When family debts aren't honored, it can impact various family relationships for several generations. It's bad. Many are speculating FIL put wife in untenable position by not paying for college when he could afford to do so. It doesn't seem to me we have enough information to really know what happened there. Like other posters, I could argue he thought it was a ridiculous expense, couldn't argue her out of it and agreed to loan as a financial lesson. And like other posters, I assumed he would forgive loan or bank the repayment for her. Who know? [/quote]
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