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Reply to "AITA for not wanting DH to give MIL 4K to clear a debt "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think that loaning money to one's own mom is a bad idea. I'd have no problem giving 4 grand as a gift.[/quote] Op here. It’s the amount for me that I take issue with. That amount is about 10 percent of our savings account right now. [/quote] Wait... you have 40k in cash? Is that your cash reserves in addition to other non-retirement funds? Or your life's savings is 40k? Are you counting this 40k separate from your emergency fund, vacation fund, etc?[/quote] We each retirement accounts and kids have college accounts but our total cash savings right now is 50K. It’s down because we bought a house last year (after saving like dogs for over 15 years for a down payment and to pay off our debt). [/quote]
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