A writer explores the complex emotions of wanting parental help with a down payment on a home in New York City, while acknowledging the financial realities and decisions her parents have made. The article emphasizes the importance of open communication about finances between generations and encourages a direct conversation with parents about their financial situation and plans.
Advice on work, parenting, relationships and mental health from someone who has failed spectacularly at all four.I’ve been a renter in New York for 20 years, and during that time I’ve seen most of my friends buy a home in the city. With the exception of one or two people I know in finance or corporate law, every single one of these friends has gottenor grandparents. My parents live comfortably in retirement, as do my husband’s, but they aren’t able to drop that kind of money on us.
I know they’ve worked hard all their lives and deserve to spend their golden years however they want, but I can’t help feeling resentful that they didn’t set us up better. How do I squash this feeling that they should have helped me more?You need to sit down with your parents, and your husband needs to sit down separately with his parents, and then you need to talk openly and honestly about exactly what their finances, and yours, are like right now.
While you can curse fate for not setting you and your family up in this way, you can’t and shouldn’t blame your parents. Like the rest of us, they spent their lives making financial decisions that made sense at the time and that may not make as much sense in hindsight. But you can’t know for sure exactly what you might expect from them until you sit down and ask, and the answers may turn out to surprise you.
FINANCES PARENTHOOD HOMEOWNERSHIP COMMUNICATION RESENTMENT
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Chinese EVs are ramping up competition: No down payment and 5-year interest-free loansElectric car companies in China welcomed the Year of the Snake with several incentives, after major automakers reported a drop in deliveries to start the year.
Read more »
Turkey Cracks Down on Illegal Gambling, Shutting Down Over 230,000 WebsitesTurkey is taking a strong stance against illegal gambling, shutting down over 230,000 unlicensed betting and gambling websites in 2024. The crackdown is part of an ongoing effort to combat financial crimes and protect citizens from exploitation.
Read more »
Baylor Scott & White and Humana Part Ways, Leaving Seniors in Health Insurance DilemmaThe end of an agreement between Baylor Scott & White Health and Humana Medicare Advantage has left thousands of seniors in North Texas facing a tough choice: stick with their doctors or their insurer. The dispute over network participation means seniors with Humana Medicare Advantage plans will need to find new healthcare providers within their new plan's network or switch to a different insurer.
Read more »
Rogue One's Digital Tarkin: A Legal and Ethical DilemmaThe film 'Rogue One: A Star Wars Story' controversially resurrected Grand Moff Tarkin using digital recreation technology, sparking debate about the ethical implications of bringing deceased actors back to life on screen.
Read more »
The Dilemma of Mental Health in Emergency DepartmentsThis article explores the challenges faced by emergency departments in addressing mental health concerns. It discusses the limitations of EDs in treating these complex issues, the negative experiences reported by patients, and the need for alternative support systems.
Read more »
Eagles Face Linebacker Dilemma in Dean's AbsenceWith Nakobe Dean sidelined due to a torn patellar tendon, the Eagles are evaluating options to fill the void at linebacker. Oren Burks and rookie Christian Trotter are in contention, but their special teams responsibilities complicate matters.
Read more »