+ Reply to Thread
Page 8 of 10 FirstFirst ... 678910 LastLast
Results 71 to 80 of 97
  1. #71
    AndrewTheEmu is offline Bubhub Ambassador - tongue in cheek
    Join Date
    Jul 2010
    Posts
    2,895
    Thanks
    252
    Thanked
    399
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by TimTamsandTea View Post
    So MIL popped in to visit the boys this morning.
    Having a cuppa and a chit chat when she says:

    "You know, FIL and I have the funds to pay off your mortgage. But we would never do that because you never appreciate what you have unless you've worked for it. We don't believe in giving our kids a 'free ride'.

    Ummm. What??

    For the record

    a) Previous to that little conversation spoiler,we'd been chatting about laundry powder

    b) We have never ever asked MIL and FIL for money

    c) We've never spoken about our mortgage with MIL and FIL.

    I mumbled something about her being right and excused myself to change ds2's nappy.

    I summise that MIL is odd and often needs to flex her muscles. Cool. Over it.

    But it left me wondering. If I had the funds to help my children in a big way, would I do it?

    Yes.

    I could only say no if they were unproductive adults who had a poor work ethic and had a history of relying on others financially.

    Other than that, I'd love to be in a position to help my adult children financially in any way I can.

    What about you?
    You put it perfectly, agree with you 100%

  2. #72
    Join Date
    Mar 2008
    Posts
    6,311
    Thanks
    2,387
    Thanked
    4,599
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    I think that idea is sheer genius. Especially keeping it a secret so it was a surprise for the other siblings.

  3. #73
    Join Date
    Sep 2009
    Posts
    4,956
    Thanks
    666
    Thanked
    636
    Reviews
    7
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Yes only if he was about to loose it and not to his own stupidity.
    Yet I wont pay it off all together. Like Super Trooper, I would give enough for him to make the necessary repayments and bail him out.
    I then would start laying rules down on how to repay me. It doesn't have to be payment in money. It could be other things. Maybe some community work/volunteering. Something he learns and grows from.

  4. #74
    Join Date
    Nov 2007
    Posts
    19,776
    Thanks
    5,212
    Thanked
    7,063
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    Quote Originally Posted by Buttoneska View Post
    I think it also depends what sort of deposit you are talking.

    My deposit was $25k, my sisters deposit was $80k.
    In my area the 20% deposit is closer to the $80k for a pretty normal house/detached.

  5. #75
    Buttoneska's Avatar
    Buttoneska is offline Winner 2010- Most Community Minded Thread Award
    Join Date
    Jan 2011
    Posts
    5,677
    Thanks
    2,066
    Thanked
    1,981
    Reviews
    3
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Quote Originally Posted by Benji View Post
    In my area the 20% deposit is closer to the $80k for a pretty normal house/detached.
    Yeh both our mortages where around $300k but she is on one income and there were a few other factors. How is a young person supposed to save $80k on their own while renting Im not quite sure???

  6. #76
    Join Date
    Sep 2011
    Location
    Adelaide
    Posts
    573
    Thanks
    90
    Thanked
    120
    Reviews
    40
    Achievements:Topaz Star - 500 posts
    Probably not pay a mortgage off maybe put some towards helping them pay it off. I would open bank accounts for my grandchildren and have the money in their to help pay towards their education (primary/high school and uni or tafe) IF I was in a financial situation where I could help like that.


    Mind you my grandparents are in a similiar situation where they have lots of money they bought my dad a house when he left my mother as a 'celebration'. Rich people are horrible and thats just based on family experience.

  7. #77
    Join Date
    Apr 2012
    Posts
    1,110
    Thanks
    70
    Thanked
    652
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    I would help them out as in LOAN them some money for a deposit on a house.. that's about it. No way would I spend my hard earned cash to buy my children a house or pay off their mortgage. I believe people need to stand on their own two feet. I wouldn't sit by and watch my children struggle but no way would I be buying them holidays/paying off mortgages. My children will be taught the value of money from early on. Even now they don't get much extra stuff during the year.. just presents for Christmas and birthday and we don't go overboard either. We like to spend our money taking them on outings and holidays.

  8. #78
    Join Date
    Feb 2010
    Location
    Home, where my life lies waiting, silently, for me.
    Posts
    8,990
    Thanks
    3,308
    Thanked
    1,659
    Reviews
    11
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    yes. we have trusts for our children (though we probably wont tell them about it until later, in case they figure theres no need to work/save for a car/house deposit since they have trusts) and are going guarantors for my sister to buy a house (she has the deposit, but her govt job is all contracts, so cant get the mortgage)
    we were helped by our family, after we had already paid off our first house, and were nearly paid off our second place, so i like to pay it forward so to speak.

  9. #79
    Join Date
    Feb 2010
    Location
    Home, where my life lies waiting, silently, for me.
    Posts
    8,990
    Thanks
    3,308
    Thanked
    1,659
    Reviews
    11
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Quote Originally Posted by Buttoneska View Post
    Yeh both our mortages where around $300k but she is on one income and there were a few other factors. How is a young person supposed to save $80k on their own while renting Im not quite sure???
    its hard, but possible.
    my sister saved 50k in 5 years (on a 50k salary), by housesharing, only going out on cheap tuesday/halfprice day, when she travelled she stayed in dorms (she went through europe, south america and south east asia on her annual leave) she doesnt drink, is really cutthroat with banking (she changes for better interest rates often, and will make sure she deposits x amount for bonus interest etc) but spoils her nieces (gave dd $500 worth of pressies at birth).
    she lives on 20% of her salary and banks the rest.

  10. #80
    Join Date
    Nov 2008
    Posts
    14,057
    Thanks
    1,875
    Thanked
    2,608
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Quote Originally Posted by Missemzy View Post
    Rich people are horrible and thats just based on family experience.
    Not all. Some are, but there are plenty that aren't.


 

Similar Threads

  1. Help! When to give up?
    By Nemmy in forum Constipation, Toilet Training
    Replies: 2
    Last Post: 20-02-2012, 14:28
  2. I. Give. Up
    By bpac in forum General Sleeping & Settling Chat
    Replies: 0
    Last Post: 24-01-2012, 23:48

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
BAE The Label
Versatile, premium maternity wear that you will love throughout pregnancy and long after. Cleverly designed for for all stages of motherhood so that you can 'Just be you (+1)'.
sales & new stuffsee all
True Fairies
True Fairies is the first interactive website where children can engage and speak with a real fairy through the unique webcam fairy portal. Each session is tailored to the child, and is filled with enchantment and magic.
Visit website to find out more!
featured supporter
TPS Health Physiotherapy and Pilates
TPS Health Physiotherapy and Pilates has three clinics located at Morningside, Redlands and Lutwyche. We offer pre and post natal services as well as physiotherapy and Pilates. All clinics offer child minding services so bubs are always welcome!
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!