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

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[quote=Anonymous][quote=Anonymous]We have a situation where one of our parents need to get a new car unexpectedly and due to no fault on their own. Basic Camry or Accord looks around 20k, so siblings each putting in 10k to help out parents. And these are amazing grandparents, they help with kids, stayed home to care for them with babies, etc.

We happen to have 10k available in checking b/c we are house hunting so keep cash on had for that. But other sibling is balking, saying that they don't have 10k available to help grandparents.  My spouse and I are a little at odds over if this a legitimate issue or if they are perhaps holding back.

So here's the demographic and let us know if most folks could put together 10k in short order. 
1) HHI 200k+
2) Home value $1m, bought 2001 and with help from their millionaire in-laws for DP
3) 3 kids, but no child are expenses b/c of family help (including grandparents who need the money for car)

So, I feel that most folks who fit this mold could put together check for 1% of their home value without much issue. My spouse thinks this is a lot lot of money and most folks couldn't swing it. I am not bothered by the siblings response; suspect their is some family dynamic there between husband and wife that complicates things, maybe all money tied up in long term investments, who knows. [/quote]

I could afford it but I would not do it. The parents can buy themselves a car THEY CAN AFFORD. [/quote]

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