Life Your affluence vs. your extended family's affluence.

**Rain Man** · 04-12-2015, 01:30 PM

The Philip Buchanon thread got me wondering.

What's the income/wealth situation between you and your various family members - parents, in-laws, siblings, etc. Do you share information about finances? Know anything about their finances? Are there notable differences in income or wealth? Does it cause any issues?

My family is really good about everyone minding their own business and being self-supporting. I know a bit about others' finances because I'm the one who is often asked questions about finances, taxes, etc. and I usually come away from those discussions worried.

I think my family thinks I'm affluent, and I'm pretty sure I'm at the top end of the clan in that regard (at least on my side of the family), but I don't share my financial details at all. They all live in low cost of living places and don't quite get life in a big city and things like house prices and the fact that I don't have a pension coming and stuff. The only issue it's caused is that I've been groused at a few times for spending money on travel. But I always make a successful rebuttal that I'm the only one who decided not to have kids, which saves a ton of money. I'm sure everyone is equally annoyed by the time those conversations end, but it doesn't change anything.

I've only been asked for money a couple of times, and I gave it. I pretty much got paid back 20 years later, so I'm good. We also got a small loan from my in-laws for a down payment on our first condo, but paid it back with significant interest within a year. We just needed to come up with some cash fast to buy a particular place that was a steal. I don't remember if my wife asked or if they offered, but it bothered me greatly until we paid it back. We'd only been married a couple of years when it happened, so I didn't want to refuse it.

I do have one distant branch that I would never tell about my finances, because they'll show up on my doorstep, fake a fall, and try to sue me. But they're not an issue because I have little contact with them.

What's your family like?

04-12-2015, 01:30 PM	Topic Starter
Rain Man NFL's #1 Ermines Fan Join Date: Jul 2001 Location: My house Casino cash: $2758491 VARSITY	Your affluence vs. your extended family's affluence. The Philip Buchanon thread got me wondering. What's the income/wealth situation between you and your various family members - parents, in-laws, siblings, etc. Do you share information about finances? Know anything about their finances? Are there notable differences in income or wealth? Does it cause any issues? My family is really good about everyone minding their own business and being self-supporting. I know a bit about others' finances because I'm the one who is often asked questions about finances, taxes, etc. and I usually come away from those discussions worried. I think my family thinks I'm affluent, and I'm pretty sure I'm at the top end of the clan in that regard (at least on my side of the family), but I don't share my financial details at all. They all live in low cost of living places and don't quite get life in a big city and things like house prices and the fact that I don't have a pension coming and stuff. The only issue it's caused is that I've been groused at a few times for spending money on travel. But I always make a successful rebuttal that I'm the only one who decided not to have kids, which saves a ton of money. I'm sure everyone is equally annoyed by the time those conversations end, but it doesn't change anything. I've only been asked for money a couple of times, and I gave it. I pretty much got paid back 20 years later, so I'm good. We also got a small loan from my in-laws for a down payment on our first condo, but paid it back with significant interest within a year. We just needed to come up with some cash fast to buy a particular place that was a steal. I don't remember if my wife asked or if they offered, but it bothered me greatly until we paid it back. We'd only been married a couple of years when it happened, so I didn't want to refuse it. I do have one distant branch that I would never tell about my finances, because they'll show up on my doorstep, fake a fall, and try to sue me. But they're not an issue because I have little contact with them. What's your family like?
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