Reply to Write a check this week for 10k to help your parents?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have the same HHI and it would be a struggle to come up with $10 tomorrow.  Well, not a struggle in the sense that we have it in a money market, but our savings are thin.  It would be 50% of our cash savings (pathetic, I know, compared to most of DCUM).

You come acorss as very firm and no nonsense in your posts - very autocratic, this is the way it has to be.  i wonder if you sat down with your sibling and discussed this in a back and forth way.  As presented, it seems you have have decided X and X it will be.  There is no wiggle room or compromise in your presentation.  Maybe your sibling disagrees with your approach.

I understand taking care of parents, particularly parents who have sacrificed for you.  But there is more than one way to approach this, and perhaps if you present this in a way to your sibling as here is the problem, what is the solution maybe you can reach an agreement.

Right now, your solution is you give me $10K, and sibling is baling.  I think your actual question should be - how should my sibling and I work together to resolve parents problem?  Not here is my solution, COMPLY, dammit.  [/quote]

I don't get having that kind of income and not saving.  We have that income on one salary and I SAH.  We save, have a college fund started and have plenty of emergency money where if we needed to, could come up with that kind of money.  If my parents were providing daily child care, I would not think twice about putting that kind of money up for them to have a new car so they can enjoy it.  Something is off if you are struggling with money on that kind of income.  [/quote]
How do you know something is off? Are you living their life -- you have NO IDEA WHAT IS GOING ON WITH THAT FAMILY AND ARE JUST DUMBER THAN A BOX OF ROCKS TO THINK YOU HAVE SOME SORT OF PSYCHIC INSIGHT INTO THEIR SITUATION [/quote]

This is actually kind of funny to me, I'm the PP who started this sub-thread.  I completely agree we are not doing as well as we should be doing.  We have $25K in money market and cash savings.  So, technically, yes, i could write a check for $10K today.  But it would make me nervous to cut my cash savings in half at the snap of a finger.  Why?  Well, just last week we had $3500 more but had a significant, unexpected expense hit.  We sock away a lot of money into retirement (so it's not available to us), and we sock away another large chunk into college savings (so it's also not available to us without penalty, nor quickly).  Child care is still sucking up too much money, but separate from child care, retirement, and college savings we save about $1000/month.  No debt besides house, and our mortgage is not that high.  We've had some house expenses recently, too, but really what has happened was an extended period of unemployment - essentially we're still building our funds back up after a year + of unemployment.    We're doing ok, and I don't come on here and cry poor.  Never said I was struggling.  I did say struggle in my first sentence but then qualified it.  I would still resist writing a check for $10K based on one conversation about need for new car.  There are additional solutions here that haven't been thoroughly discussed.

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