ahlam1399
03-06-2019, 04:04 PM
https://ei.marketwatch.com/Multimedia/2018/01/29/Photos/MG/MW-GC652_moneyi_20180129161027_MG.jpg?uuid=d43aa146-0538-11e8-99f2-9c8e992d421e
Dear Moneyist,
My husband and I have been together for nearly 13 years, married for 8 years, and have two children together. Right after we got married, we chose to buy a house, we saw potential for fixing up and selling when the market got better. We spent every dime we had, even selling my car to afford the minimum down payment for the house.
About a year later, we found ourselves in a tough a legal/financial situation. My husbandâ??s parents stepped in and â??giftedâ?* us $5,000 toward the purchase of a used car. We did not ask for the money, but we willingly accepted the financial help.
Since then, we have most certainly gotten back on our feet. We sold that first house we bought last summer when the market peaked and made 175% of what we purchased it for. Weâ??ve gone through several vehicles, and have made other large purchases and/or investments.
Iâ??ve mentioned to my husband, on more than one occasion, that Iâ??d like to pay back his parents, but he insists it was a gift and that they donâ??t want the money back.
Recommended: The next time you go anywhere, remember the $1 tip is dead (http://www.marketwatch.com/story/how-much-should-you-tip-housekeeping-when-youre-away-from-home-2019-02-19)
My in-laws are financially set. My father-in-law is retiring this year, and my mother-in-law hasnâ??t worked in about a decade because her husband makes a great salary with a lot of bonus incentives. Iâ??m sure they donâ??t need the money, but itâ??s something that has been eating at me since the day we received it.
Finances have been a tough subject between us and them since early in our relationship (surprise, surprise). There have been multiple instances where money has been the topic of arguments, either in their disapproval of our spending (like buying our first home), or paying back my husbandâ??s student loans (which they promised to help with, but did not do so in the magnitude which they said they would).
Theyâ??ve given us other large gifts since then, like a trip with them to Florida, a new washer/dryer, and they spoil our kids with many gifts. And while this is all appreciated, it doesnâ??t come without expectations from us.
Nearly two years ago, my in-laws picked a fight with us that included our â??ungratefulnessâ?* for all they do for us and that we should be showing more appreciation by inviting them over to see the kids more. They mentioned how they give us all these â??lavish giftsâ?* and get no sense of appreciation from us in return. I can tell that my mother-in-law specifically uses these things as leverage.
Also see: My fiancأ©â??s father is custodian of his IRA â?? how can I get him to relinquish control? (http://www.marketwatch.com/story/my-fiance-works-at-the-family-firm-and-his-father-has-a-strong-hold-over-his-finances-2019-03-05)
I donâ??t see this $5,000 gift as any different, and she will someday hold it over our heads. For the record, we offered to pay our own way to Florida, and told them not to get us the washer/dryer, but they insisted.
Weâ??ve always thanked them profusely for the things theyâ??ve done for us and we gave them an open invitation to come visit the grandkids whenever they want. Since the fight two years ago, they have cut back their gifts to us substantially.
My husband and I agree on our finances, and we have never had an issue between the two of us when it comes to spending/investing/saving. We are in a really good financial place right now to be able to pay back the $5,000 gift. I donâ??t know how to pay it back or how to convince my husband that we should.
I know they wonâ??t accept cash or a check. I donâ??t know where they bank so I canâ??t make an anonymous deposit. My husband doesnâ??t have a great relationship with his mom and he doesnâ??t usually talk finances with his dad.
Do you have any suggestions on how we might give them money so I donâ??t have to hear about it when my mother-in-law is on her death bed?
Clear financial conscience
Dear Clear financial conscience,
Your in-laws sound like good people. They also sound like they can be complicated people. I would say the same is true for both you and your in-laws. The same is true for all of us. We all do the best we can and, try as we might, we have expectations that can be too high or simply change daily. Your in-laws clearly have expectations about how much time they should spend with their grandchildren. And you may have an idea about how much time you can spend with them, given your schedules.
The problem, of course, arises when a friend of family member decides to â??buy timeâ?* with gifts. I call it a gift tax. Every time you accept money or a new washer/dryer, you should not that it doesnâ??t come without strings. It doesnâ??t make your in-laws bad people, but people donâ??t lavish gifts on others if they donâ??t believe thereâ??s some high status/low status dynamic to the relationship. They believe they need your help. They may have been persistent, but no one forces anyone to accept such gifts.
Also see: My boyfriend and I have two kids â?? should I pay off his $130,000 student debt? (http://www.marketwatch.com/story/my-boyfriend-and-i-have-two-kids-should-i-pay-off-his-130000-student-debt-2019-02-15)
When you sold your home, you had an opportunity to repay the $5,000 in a way that didnâ??t offend and said, â??Weâ??ve got this and we are so grateful you were there for us.â?* However, I believe that moment to return the money without any hurt feelings has passed. Returning this $5,000 is neither the cause nor solution to your problem with your in-laws. Nor is the washer/dryer, or any of the other gifts. They complicate the relationship, but itâ??s too late to â??unacceptâ?* those gifts.
Thank them for everything theyâ??ve done, tell them how much you appreciate them and how important it is to have them in your lives and the lives of your grandchildren. You may even wish to acknowledge that sometimes you are busier than you would like and wish you could spend more time together. Ask them how much time they would like to spend with their grandchildren. You canâ??t reach a solution if you donâ??t know what you want and what they want too.
When you sold your home, you had an opportunity to repay the $5,000 in a way that didnâ??t offend and say, â??Weâ??ve got this and we are so grateful you were there for us.â?* However, I believe that moment to return the money without any hurt feelings has passed. Returning this $5,000 is neither the sole cause nor the solution to your problem with your in-laws. Nor is the washer/dryer, or any of the other gifts. They complicate the relationship, but itâ??s too late to â??unacceptâ?* those gifts.
Donâ??t miss: Should two people with $1 million in debt even consider getting married? (http://www.marketwatch.com/story/should-two-people-with-1-million-of-debt-even-consider-getting-married-2019-02-19)
Thank them for everything theyâ??ve done, tell them how much you appreciate them and how important it is to have them in your lives and the lives of your grandchildren. You may even wish to acknowledge that sometimes you are busier than you would like to be and wish you could spend more time together. Ask them how much time they would like to spend with their grandchildren. You canâ??t reach a solution if you donâ??t know what you want and what they want too.
Formalize the relationship so you can make plans and make the time. You and your husband (and children) should all comfortable with the arrangement. Be kind to yourself. You did the best you could at the time. Be kind to your in-laws. Theyâ??re doing their best too. Itâ??s nice when someone wants to spend time with us, but it can be overwhelming if we feel like their demands are more than we can accommodate. One more thing: There are no bad guys in this story. That is my gift to you.
Do you have questions about inheritance, tipping, weddings, family feuds, friends or any tricky issues relating to manners and money? Send them to MarketWatchâ??s Moneyist ([email protected]) and please include the state where you live (no full names will be used).
<em/> Would you like to sign up to an email alert when a new Moneyist column has been published? If so, click on this link. (http://www.marketwatch.com/tools/alerts/newsColumn.asp)
Source link (http://www.marketwatch.com/news/story.asp?guid=%7B74B6A28C-3FFD-11E9-8DB1-A5C1CA56392A%7D&siteid=rss&rss=1)
More (http://ahlam1399.i234.me:8888/m/2019/03/06/my-controlling-in-laws-gave-us-5000-for-a-new-car-after-several-arguments-i-want-to-pay-them-back/)
Dear Moneyist,
My husband and I have been together for nearly 13 years, married for 8 years, and have two children together. Right after we got married, we chose to buy a house, we saw potential for fixing up and selling when the market got better. We spent every dime we had, even selling my car to afford the minimum down payment for the house.
About a year later, we found ourselves in a tough a legal/financial situation. My husbandâ??s parents stepped in and â??giftedâ?* us $5,000 toward the purchase of a used car. We did not ask for the money, but we willingly accepted the financial help.
Since then, we have most certainly gotten back on our feet. We sold that first house we bought last summer when the market peaked and made 175% of what we purchased it for. Weâ??ve gone through several vehicles, and have made other large purchases and/or investments.
Iâ??ve mentioned to my husband, on more than one occasion, that Iâ??d like to pay back his parents, but he insists it was a gift and that they donâ??t want the money back.
Recommended: The next time you go anywhere, remember the $1 tip is dead (http://www.marketwatch.com/story/how-much-should-you-tip-housekeeping-when-youre-away-from-home-2019-02-19)
My in-laws are financially set. My father-in-law is retiring this year, and my mother-in-law hasnâ??t worked in about a decade because her husband makes a great salary with a lot of bonus incentives. Iâ??m sure they donâ??t need the money, but itâ??s something that has been eating at me since the day we received it.
Finances have been a tough subject between us and them since early in our relationship (surprise, surprise). There have been multiple instances where money has been the topic of arguments, either in their disapproval of our spending (like buying our first home), or paying back my husbandâ??s student loans (which they promised to help with, but did not do so in the magnitude which they said they would).
Theyâ??ve given us other large gifts since then, like a trip with them to Florida, a new washer/dryer, and they spoil our kids with many gifts. And while this is all appreciated, it doesnâ??t come without expectations from us.
Nearly two years ago, my in-laws picked a fight with us that included our â??ungratefulnessâ?* for all they do for us and that we should be showing more appreciation by inviting them over to see the kids more. They mentioned how they give us all these â??lavish giftsâ?* and get no sense of appreciation from us in return. I can tell that my mother-in-law specifically uses these things as leverage.
Also see: My fiancأ©â??s father is custodian of his IRA â?? how can I get him to relinquish control? (http://www.marketwatch.com/story/my-fiance-works-at-the-family-firm-and-his-father-has-a-strong-hold-over-his-finances-2019-03-05)
I donâ??t see this $5,000 gift as any different, and she will someday hold it over our heads. For the record, we offered to pay our own way to Florida, and told them not to get us the washer/dryer, but they insisted.
Weâ??ve always thanked them profusely for the things theyâ??ve done for us and we gave them an open invitation to come visit the grandkids whenever they want. Since the fight two years ago, they have cut back their gifts to us substantially.
My husband and I agree on our finances, and we have never had an issue between the two of us when it comes to spending/investing/saving. We are in a really good financial place right now to be able to pay back the $5,000 gift. I donâ??t know how to pay it back or how to convince my husband that we should.
I know they wonâ??t accept cash or a check. I donâ??t know where they bank so I canâ??t make an anonymous deposit. My husband doesnâ??t have a great relationship with his mom and he doesnâ??t usually talk finances with his dad.
Do you have any suggestions on how we might give them money so I donâ??t have to hear about it when my mother-in-law is on her death bed?
Clear financial conscience
Dear Clear financial conscience,
Your in-laws sound like good people. They also sound like they can be complicated people. I would say the same is true for both you and your in-laws. The same is true for all of us. We all do the best we can and, try as we might, we have expectations that can be too high or simply change daily. Your in-laws clearly have expectations about how much time they should spend with their grandchildren. And you may have an idea about how much time you can spend with them, given your schedules.
The problem, of course, arises when a friend of family member decides to â??buy timeâ?* with gifts. I call it a gift tax. Every time you accept money or a new washer/dryer, you should not that it doesnâ??t come without strings. It doesnâ??t make your in-laws bad people, but people donâ??t lavish gifts on others if they donâ??t believe thereâ??s some high status/low status dynamic to the relationship. They believe they need your help. They may have been persistent, but no one forces anyone to accept such gifts.
Also see: My boyfriend and I have two kids â?? should I pay off his $130,000 student debt? (http://www.marketwatch.com/story/my-boyfriend-and-i-have-two-kids-should-i-pay-off-his-130000-student-debt-2019-02-15)
When you sold your home, you had an opportunity to repay the $5,000 in a way that didnâ??t offend and said, â??Weâ??ve got this and we are so grateful you were there for us.â?* However, I believe that moment to return the money without any hurt feelings has passed. Returning this $5,000 is neither the cause nor solution to your problem with your in-laws. Nor is the washer/dryer, or any of the other gifts. They complicate the relationship, but itâ??s too late to â??unacceptâ?* those gifts.
Thank them for everything theyâ??ve done, tell them how much you appreciate them and how important it is to have them in your lives and the lives of your grandchildren. You may even wish to acknowledge that sometimes you are busier than you would like and wish you could spend more time together. Ask them how much time they would like to spend with their grandchildren. You canâ??t reach a solution if you donâ??t know what you want and what they want too.
When you sold your home, you had an opportunity to repay the $5,000 in a way that didnâ??t offend and say, â??Weâ??ve got this and we are so grateful you were there for us.â?* However, I believe that moment to return the money without any hurt feelings has passed. Returning this $5,000 is neither the sole cause nor the solution to your problem with your in-laws. Nor is the washer/dryer, or any of the other gifts. They complicate the relationship, but itâ??s too late to â??unacceptâ?* those gifts.
Donâ??t miss: Should two people with $1 million in debt even consider getting married? (http://www.marketwatch.com/story/should-two-people-with-1-million-of-debt-even-consider-getting-married-2019-02-19)
Thank them for everything theyâ??ve done, tell them how much you appreciate them and how important it is to have them in your lives and the lives of your grandchildren. You may even wish to acknowledge that sometimes you are busier than you would like to be and wish you could spend more time together. Ask them how much time they would like to spend with their grandchildren. You canâ??t reach a solution if you donâ??t know what you want and what they want too.
Formalize the relationship so you can make plans and make the time. You and your husband (and children) should all comfortable with the arrangement. Be kind to yourself. You did the best you could at the time. Be kind to your in-laws. Theyâ??re doing their best too. Itâ??s nice when someone wants to spend time with us, but it can be overwhelming if we feel like their demands are more than we can accommodate. One more thing: There are no bad guys in this story. That is my gift to you.
Do you have questions about inheritance, tipping, weddings, family feuds, friends or any tricky issues relating to manners and money? Send them to MarketWatchâ??s Moneyist ([email protected]) and please include the state where you live (no full names will be used).
<em/> Would you like to sign up to an email alert when a new Moneyist column has been published? If so, click on this link. (http://www.marketwatch.com/tools/alerts/newsColumn.asp)
Source link (http://www.marketwatch.com/news/story.asp?guid=%7B74B6A28C-3FFD-11E9-8DB1-A5C1CA56392A%7D&siteid=rss&rss=1)
More (http://ahlam1399.i234.me:8888/m/2019/03/06/my-controlling-in-laws-gave-us-5000-for-a-new-car-after-several-arguments-i-want-to-pay-them-back/)