My Mother-in-Law Keeps Asking Us for Money

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 30 June 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today. I just need help. My husband and I are
0:09.4	navigating the decision. My mother-in-law has approached us and his brother wanting monthly
0:17.2	financial help so that she can live a little bit easier at 75.
0:23.9	Okay.
0:24.6	Wanting or needing?
0:27.5	I would say it's a want.
0:30.0	What does she want?
0:30.8	Trying.
0:32.9	So she's struggling just to make ends meet.
0:36.6	She's making it meet, but she's not able to, I would say, live comfortably.
0:42.6	And so I think she wants to be able to maybe work a little bit less
0:46.8	and just enjoy life at ease versus living paycheck to paycheck.
0:52.3	How much money is she wanting from you guys collectively?
0:56.9	So her biggest wish in the world would be to have her mortgage paid off.
1:02.9	Mine too.
1:03.8	Okay. Thank you. Same. Same. Me too.
1:07.4	So she's got a couple hundred thousand dollars balance.
1:11.8	And so anywhere from, you know, $1,600 to $2,000 a month between the two brothers.
1:17.8	So we would be pitching in somewhere between $800 to $1,000 a month towards her lifestyle.
1:23.3	My, oh, my, oh, my.
1:25.3	So what if she sold her house and moved into an apartment?
1:29.3	So that's where I'm kind of questioning.
	...

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