Popular Post groupw Posted June 7, 2023 Popular Post Share #1 Posted June 7, 2023 To live with us? Our youngest daughter had been renting a room in a house inTempe. The owner is getting married so he wants the house for home and his fiancé. Fair enough, but he didn’t give a lot of notice. Daughter had already been looking because she saw it coming. The apartment/rental market is pretty tight at her budget. She asked so we told her she could stay until she can save for deposit. We did stipulate that we want to help her manage her finances better. Brilliant photographer, but no business sense. We’ll see how it goes. 6 2 7 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted June 7, 2023 Share #2 Posted June 7, 2023 Seems reasonable. Come on in w/ stipulation! Good for her. But how do you think you'll hold up? Wifey down with that? Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted June 7, 2023 Share #3 Posted June 7, 2023 Not these guys? 2 1 Link to comment Share on other sites More sharing options...
Ralphie ★ Posted June 7, 2023 Share #4 Posted June 7, 2023 Sidney Poitier? 2 1 1 Link to comment Share on other sites More sharing options...
bikeman564™ Posted June 7, 2023 Share #5 Posted June 7, 2023 not Kato Kaelin? Seriously, that's nice of you Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted June 7, 2023 Share #6 Posted June 7, 2023 Mine arrived 7 years ago and is still here. 1 1 Link to comment Share on other sites More sharing options...
jsharr ★ Posted June 7, 2023 Share #7 Posted June 7, 2023 1 minute ago, maddmaxx said: Mine arrived 7 years ago and is still here. You might want to let her know that @Kzoo has dibs on your stuff Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted June 7, 2023 Share #8 Posted June 7, 2023 1 minute ago, jsharr said: You might want to let her know that @Kzoo has dibs on your stuff It was a him though. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted June 7, 2023 Share #9 Posted June 7, 2023 8 hours ago, groupw said: The apartment/rental market is pretty tight at her budget. We watch a lot of House Hunters International. That literally is what the real estate person says in almost every market for the past 5-10 seasons and at ALL budget levels. 8 hours ago, groupw said: We did stipulate that we want to help her manage her finances better. Brilliant photographer, but no business sense. We’ll see how it goes. How old is she? I didn't budget very well at first as I was slowly building up my baseline of savings. Really until I combined income with my wife in a joint rental/house expense account, I was only slightly chipping away at my unfocussed goal. Very early career, low on the pay totem pole, and lots of shiny things made it tough. Focus from needing to be "responsible" as a partner fixed that. I'd recommend you think about charging rent and piggy banking it for her. She pays (forcing a bit of planning and responsibility) but at some point, you have a nice tidy amount to give back as a gift towards a home or something else. 1 1 Link to comment Share on other sites More sharing options...
groupw Posted June 7, 2023 Author Share #10 Posted June 7, 2023 6 hours ago, Razors Edge said: We watch a lot of House Hunters International. That literally is what the real estate person says in almost every market for the past 5-10 seasons and at ALL budget levels. How old is she? I didn't budget very well at first as I was slowly building up my baseline of savings. Really until I combined income with my wife in a joint rental/house expense account, I was only slightly chipping away at my unfocussed goal. Very early career, low on the pay totem pole, and lots of shiny things made it tough. Focus from needing to be "responsible" as a partner fixed that. I'd recommend you think about charging rent and piggy banking it for her. She pays (forcing a bit of planning and responsibility) but at some point, you have a nice tidy amount to give back as a gift towards a home or something else. She’ll be 30 in September. When she moved out of our house, she moved to Lincoln with her boyfriend. He managed their finances and was good at it. He went with when they moved to AZ. All was well as long as they were both homebodies like at the beginning of their relationship. However, once she got into the desert photography and was out camping and hiking on her days off, he had no interest and began to resent her success. Things went downhill and he left leaving her to finish out the lease on their apartment by herself. She never shared how bad things were, but we later learned she was financially devastated. She rented the room she is now in, but has always been barely paycheck to paycheck. This will be her chance to reset. 1 2 Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted June 7, 2023 Share #11 Posted June 7, 2023 43 minutes ago, groupw said: This will be her chance to reset. She’s lucky to have such understanding and helpful parents. I like the idea of charging her some rent as a means of helping with financially responsibilities, and then gifting it back. I’ve thought of starting and contributing some money to my sons IRAs. They’re just doing summer jobs while in school, so they need the money to spend. But we could tell the government they put everything they earned into an IRA if I decide to match it. 1 Link to comment Share on other sites More sharing options...
Thaddeus Kosciuszko Posted June 7, 2023 Share #12 Posted June 7, 2023 Our youngest daughter moved back in with us after college graduation. Our agreement: We'll keep paying for all the things we paid for in college - your phone, car insurance, food, gas, etc, etc But You use your income to pay off all you college loans. The minute you take off for a two week vacation in Vegas or the Caribbean, all bets are off and you start paying rent, your phone... My daughter paid off all her college loans in one year, and she was able to move out and start her life debt free. 3 1 Link to comment Share on other sites More sharing options...
Kirby Posted June 8, 2023 Share #13 Posted June 8, 2023 Many times during my life my parents reassured me when I expressed a worry about work or some other issue by saying "no need to worry, you'll always have a home here". I never needed to take them up on it, but it was comforting to know there was an emergency plan if I ever needed it. It was only a few years ago that my Mom passed, and I had lived successfully on my own for decades, but I still felt a little twinge knowing that security back up was gone. I'm glad you can be there for her. 2 Link to comment Share on other sites More sharing options...
petitepedal ★ Posted June 8, 2023 Share #14 Posted June 8, 2023 51 minutes ago, Kirby said: Many times during my life my parents reassured me when I expressed a worry about work or some other issue by saying "no need to worry, you'll always have a home here". I never needed to take them up on it, but it was comforting to know there was an emergency plan if I ever needed it. It was only a few years ago that my Mom passed, and I had lived successfully on my own for decades, but I still felt a little twinge knowing that security back up was gone. I'm glad you can be there for her. I struggled...at 26..the career I had educated myself for wasn't working out..and I had no support...my mom died when I was 23...so I floundered..and struggled and did my share..and then some...of stupid things....which is why I am still working and not as financially prepared as some of my friends. Glad you can offer some support and guidance... 4 Link to comment Share on other sites More sharing options...
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