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Should You Accept Family Money?

Prairie Eco-Thrifter

Perhaps though, you are doing your parents a disservice by refusing their gifts. Sometimes parents will offer temporary funding to tide the family over in times of unusual circumstances (such as job losses or extreme medical expenses, etc). Many of you probably feel the same way. Why do adult children want to refuse that money?

Money 124
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How to Handle the Stock Market Roller Coaster Ride?

Prairie Eco-Thrifter

Even if you aren’t invested in the market, you wonder if this will ripple down to you in the form of more job losses, higher prices, inflation, benefit reductions and belt cinching. Give cash gifts to my adult children with suggestions to buy in the down market. What Should You Do In a Market Downturn?

Recession 176
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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

We also went through multiple job losses, surgeries, huge car repairs, etc. Travel, buy fun stuff, give gifts, help others, work if I feel like it and not if I don’t, etc. During those 10 or so years, our incomes were all over the place. They ranged from a low of about $2,300/yr (no zeros missing there!)

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. I knew that I was wasting the precious gifts and freedoms that had been afforded me by not being responsible with my money.