My Parents Are Gifting Me $20,000 (Should I Accept It?)
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 19 September 2024
⏱️ 9 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. |
| 0:04.3 | Start budgeting for free today. |
| 0:06.6 | My fiancé and I are getting married in a couple of months. |
| 0:09.2 | You're cool. |
| 0:09.4 | And my, yeah, thank you. |
| 0:12.4 | And my parents just gifted us $20,000. |
| 0:16.5 | And it's just a gift for future down payments for all the house or just extra support for the wedding. |
| 0:22.9 | I got a high five when I got engaged. |
| 0:25.2 | You got $20,000. |
| 0:26.7 | That's incredible. |
| 0:27.4 | I got a buffet, Chinese buffet rehearsal dinner at the Chinese buffet. |
| 0:34.1 | Good on you, Timothy. |
| 0:36.3 | Thank you so much. And although I'm very grateful for the gift, |
| 0:40.9 | I'm not sure if I feel comfortable with it just because my parents don't have a really good |
| 0:45.7 | retirement plan set up for themselves. And so for me, I feel very hesitant. And so for me, |
| 0:52.6 | I'm not quite sure what to do with it. Interesting. So you're like, |
| 0:56.3 | hey, you guys can't afford to give me this $20,000, essentially. Yeah, pretty much. And I just feel like |
| 1:02.8 | it's, it would be better if they held on to it. And, you know, of course, for me, I feel so grateful |
| 1:07.7 | because they're very generous parents. They always have been their whole lives, and they've been saving up all this money for this moment. |
| 1:15.9 | But for me, I know that financially they're not really set up well. |
| 1:19.9 | And so for me, I feel a little burden by it. |
| 1:22.9 | And so I'm not quite sure I've been wrestling with this. |
... |
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