Son Struggles to Pay Mortgage While Parents Demand $2,000 Monthly
A Reddit user shares that her in-laws argue that her husband should send them $1,500 to $2,000 a month despite them struggling to pay their own mortgage.
Her Husband Needed Financial Help Early On
The original poster (OP) said her husband needed help paying for college. So, her fiance’s parents sold some stock and sold their own to funder their son’s college education.Â
In return for their help, he chose to pay the mortgage of his parent’s new home. And, after 20 years, OP and her spouse paid off his parent’s house. Additionally, they gave his parents several monetary gifts (around $60,000) and continue to provide the parents with $1,000 a month.
The Parents Say They Need More Money
According to OP, it’s typical for kids to give their parents in their culture. However, his parents now tell him they need more money and add that “a good son would give more.”
The parents also want their son to sign over his rights to their house because the parents plan to give it to his sister. According to the parents, his sister needs more money than OP and her partner.
And, to top it off, the parents are arguing that their son should be sending them $1,500 to $2,000 a month.Â
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They Need To Save For Their Own House
OP is against giving her spouse’s parents more money because it puts a lot of pressure more financial pressure on OP and her husband. So, she puts her foot down and tells them no.
They are already struggling with their own personal finances. For instance, OP and her husband pay their property taxes with a credit card.
OP wants to prioritize paying for their own house and would like to set aside money for their children’s college fund and save for retirement. However, the parents are guilting their son into giving them more money and saying that he shouldn’t need permission from OP to give money to his parents.
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The Reddit Community Weights In
Most of the Reddit community is saying the parents are treating him unfairly. For example, OP’s husband paid off his parent’s mortgage and provided them with monthly spending money. And, yet, they want him to sign over the house so they can give it to his sister.
Reddit users say it’s time for the sister to take on the next 20 years of funding their parent’s lifestyle, especially since they plan to give the house to his sister.
Other Reddit users understand the importance of respecting your parents and wanting to make sure they are comfortable. But they remind OP and her husband that they have children to care for. And, when it comes to retirement, it’s essential to start now because it can come sooner than expected.
Is OP wrong for putting her foot down on continuing to give more money to her husband’s parents? Has OP and her husband done enough financially for his parents? Is it the children’s responsibility to fund their parent’s retirement?Â