4.6 • 682 Ratings
🗓️ 22 March 2025
⏱️ 4 minutes
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0:00.0 | Brought to you by the Every Dollar app. |
0:04.3 | Start budgeting for free today. |
0:06.0 | So my wife and I recently had our first child. |
0:10.5 | She is a daughter, which is obviously awesome. |
0:13.5 | Thank you. |
0:15.0 | And my parents live in Columbus, Ohio, which is about an hour and a half away. |
0:24.7 | And naturally, they would like to see us and their grandchild more. |
0:31.3 | Um, we are looking to upsize our home and we were looking in the Dayton area originally because cost of living, we can afford it. |
0:33.8 | They then offered to give us an additional, the difference between the, between the prices of the home and Dayton to Columbus that would go towards our down payment, making it affordable if we moved to Columbus. |
0:47.9 | That sounded good. It would be a gift, not like a loan. |
0:51.1 | But then they mentioned that they would have to make it even and change the |
0:55.7 | will slightly so that money was even with my siblings. So I got an extra 100,000. My brother would |
1:02.4 | get 100,000 on the will, et cetera. So then I started booking it as like an interest-free loan |
1:07.5 | against myself in the future. You're saying because if you had received it as inheritance, you would have done what with it? |
1:17.7 | Well, it's not that I would have received it to inherit it, I would have done anything with it. |
1:21.0 | It's just that it looks like I'm borrowing from my inheritance, which is weird because my |
1:25.3 | wife and I worked really hard not to be indebt at all. |
1:28.0 | Well, I wouldn't think of it as borrowing. |
1:29.7 | You're just getting a piece of it earlier. |
1:31.6 | Yeah. |
1:32.1 | For something that you want to spend it on. |
1:35.4 | It's not alone. |
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