We receive a tiny bit of help, but it is out of desire from the family, not necessity. Id rather return the favor, but they wont let us at this time
We receive a tiny bit of help, but it is out of desire from the family, not necessity. Id rather return the favor, but they wont let us at this time
pomelo / 5298 posts
We help some of our family financially, and do not receive any help. Sometimes I feel like we are a funding bank. It'd be nice to be a receiving bank every now again.
pomegranate / 3872 posts
Nope. We've lent (slash given because we'll probably never get it back) money to siblings though.
pomegranate / 3314 posts
No, we don't. I kind of wish we did, sometimes, as I feel we will never manage the down payment for a house in our current location.
grapefruit / 4997 posts
No we haven't received or needed any help from family members thank goodness. However, we've lent money out and co-signed for auto loans. We were just too nice before, now that we have DD though, I've had to put a stop on all those nice deeds. We were burned way too many times and quite a few still owe us money.
blogger / wonderful cherry / 21628 posts
Yes. One of our parents contributes money to our retirement accounts each year. It's a very generous gift.
clementine / 918 posts
We haven't received help from our parents since the wedding however, my parents are offering to help with our down payment, which is wonderful. We have not been asked to help family, so we have not.
coconut / 8430 posts
We put away money each month for our parents. I think it's cultural. I know some other Asians who also do this.
pear / 1849 posts
My parents helped us with our down payment. It made my husband very uncomfortable so we paid them back within 3 years.
pomegranate / 3809 posts
Not directly, but my parents gave me their car to drive so I never had to buy a car until I was almost 32 and I lived rent free and expense free with them for a few years so I was able to save a lot. They don't need money from us. DH neither gets money or gives to his family. They are all very independent since leaving for college. It's odd to me because they split the bills when going out to eat, where as with us, my parents always pay for everyone.
wonderful pear / 26210 posts
My parents help with childcare, as in, they are my son's before and after care. We do not pay them and they would not accept it. My son pays in hugs and kisses.
eggplant / 11716 posts
nope. no help! We don't really have to help any family members financially, either....other than buying the occasional plane ticket or something for parents to visit us.
eggplant / 11824 posts
My MIL helped us with our initial downpayment on our condo 7 years ago, which directly enabled us to buy our current home and retain the condo as investment property. That's part of the reason we want to be able to help with a house downpayment (especially vs. a non-asset like a wedding) for LO.
We don't receive any financial help now, but do help family.
grapefruit / 4582 posts
We used to get a bit of money each month from my family. It stopped earlier this year and I think we are better off. Sure, it definitely helps but I don't like the "strings" it comes with.
grapefruit / 4418 posts
No. His parents generously offered to pay the difference in childcare when our old provider dropped us with zero notice. We didn't need to nor would we have accepted if we had. We would have figured out a way to make it work.
Both of our parents still pay our cell phone bill though since we are on family plans. We offer to pay our share but neither accepts.
nectarine / 2433 posts
We help one set of parents with a monthly "stipend" and the other set of parents have offered to give us help with a down payment on a house but we are undecided how we will handle this.
blogger / wonderful cherry / 21616 posts
No, but they would help of they could afford it and have done a few small things here and there to help me out in a bind.
But my mom is great support for childcare if I need help
GOLD / wonderful pomegranate / 28905 posts
Nope, they all offered to both times I got laid off. But we declined.
We had more than helped out BIL financially so yes we would id they needed it. ,
watermelon / 14467 posts
In the past, yes. We have also helped family in their times of need.
hostess / wonderful watermelon / 39513 posts
No help from family. We let some family members borrow in the past.
grapefruit / 4649 posts
We have received some well timed and generous gifts but we are totally self sufficient. We do help a family member but it's sort of a sore subject.
pomegranate / 3244 posts
Yes. My parents very generously are letting us live rent-free in an investment property of theirs. It wasn't currently being rented out as they are doing some minor renovations. I am SO grateful that, at least for the moment, we don't have to worry about a rent payment. I spent more than a year unemployed, and my husband only has p/t work in a service industry, so we would have struggled to pay for even the cheapest of apartments. Now that I have a steady job with a steady salary, I'm paying my parents rent--the idea that once we move out they will return that money as a lump sum for a down payment or whatever. We do what we can to make things easier on them, like taking on small projects and doing all the yard work and dogsitting and inviting them over for dinner
I realize that this situation wouldn't work for everyone, and that some may see me as a mooch, but it works for us. My parents have always been incredibly generous, and I can't wait for the day when we are able to pay them back.
pear / 1672 posts
We do not receive any help. We have helped my mother in the past, and I suspect we will in the future.
cantaloupe / 6059 posts
Yes. We were generously blessed with a large downpayment for our home.
pineapple / 12053 posts
yes. our parents will give us little gift cards or buy dinners/pay for trips. DH's parents give each kid a big check every spring. we put that right into savings. DH's parents also committed to paying for his schooling (professional, not graduate), which is weird at almost 30, but we're not in a position to turn them down and they would find a way to pay for it anyway. we're in a weird season right now so as much as we would love to help out, we're not. i can't wait for things to turn around. it's a humble place to be in.
cantaloupe / 6131 posts
Yes and no. I come from an Asian culture where parents giving a lot of help is the norm, but my parents couldn't afford to pay for my schooling or my wedding or anything like that, so I always worked and paid my own way for the most part. However, my parents had a lot of guilt about it and gave me whatever they could whenever they could, but it was never expected or relied upon since it was sporadic. That said, whenever there's some big occasion (wedding, graduation, etc.) I tend to get a largish gift from my maternal grandfather, who is well off, because I think he feels bad my parents can't be more generous towards me. (He has always been generous towards HIS children with cars, homes, educations, weddings, vacations, etc).
DH comes from a normal Midwestern white family and he never got any help from his folks for anything.
On a somewhat related note, neither of us expects to inherit anything from our parents either because they don't really have anything to leave us (and in fact, we're probably going to have to support my parents in their old age). I think plays a lot into family gifting too (i.e. if you're going to inherit a bunch of it later anyway, you can argue getting family help is just getting your share earlier on.)
We do and will help our family (and friends) financially. Our rule is we never lend money - we strictly gift it - because we don't believe in muddying our personal relationships that way.
pomegranate / 3231 posts
My parents watch our son two afternoons per week which shaves 20% off our childcare costs.
honeydew / 7230 posts
My in-laws gift us the maximum allowed without incurring gift tax. It's part of their long-term estate planning. We put almost all of that into savings, although we occasionally use some for major house stuff (new roof, windows). We don't count on that money when budgeting or anything, though. It's just a bonus when it happens.
We have helped some of my family members when they were in a difficult spot. It's not a regular thing, but it has happened a few times.
blogger / coconut / 8306 posts
As a married adult, no. My parents helped me financially through college.
GOLD / wonderful coconut / 33402 posts
Other then both sets gave us some money for the wedding (we paid the majority), nope.
pomelo / 5257 posts
My parents really wanted to pay for college for me and my sister, but some unexpected circumstances happened to prevent that, so they help both of us with our student loans (luckily neither of us have high loans -- thank you, in-state, public university!). I'm very grateful for that, and hope to do the same for my kids.
pineapple / 12526 posts
Not financially, but my mom does babysit when I need her to. Working a 2.5 year old around 2 full-time college schedules is challenging sometimes.
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