Giving money to extended family vs Joint money

posted 3 years ago in The Lounge
Post # 2
Member
4224 posts
Honey bee
  • Wedding: September 2012

I’ve never been in this type of position (helping out family financially), but it sounds like a very logical and fair plan. It’s essential that you two ensure that you are able to cover your needs and plan for your future/emergencies before helping family (if you don’t, you just perpetuate the problem). The joint checking/savings accounts will accomplish that, and seperate “fun” money will help avoid arguments, in my opinon.

 

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