Did Your Parents Build Your Credit? I am recently learning about credit and I just learned that it is possible for parents to build their childrens credit history. Is this a common practice? I was always wondering how kids right after graduating high school were able to secure high credit limits and personal loans for things like moving and stuff. submitted by /u/fullylace…

Parents of slain N’western St. player file lawsuit The parents of slain Northwestern State football player Ronnie Caldwell Jr. filed a wrongful death lawsuit late Friday, naming former coach Brad Laird, the state of Louisiana and the apartment complex Caldwell lived at as defendants.

Taking over parents mortgage My parents want the wife and I to take over their mortgage. They are both in their 70s and on SS and receive $2900 a month. My parents would live with us in the house. House appraised for $500k in 2020 when they refinanced around 3% and they owe $350k. The plan is to save the amount they would be paying each a month for the next five years and d…

Should I save for a house or help my parents pay for theirs Im 31. I always wanted to buy a house by 32 so it would be paid off by retirement age. Now that interest rates are through the roof, my strategy is to save heavily for a couple of years for a bigger downpayment. My parents are retired so the stock market tanking has really hurt them. Only my dad has a 401k because my mom was a stay at home mom. …

What did your parents teach you about money? Everyone has a very different perspective on money, and a lot of it is shaped by what our parents taught us. My family was very religious, and this is what I was taught: Live frugally to the point of virtuous self-sacrifice (always buy home brand/specials/second hard, avoid discretionary spending, always bring lunches, etc). Extravagance or wea…

Parents left me a house A few years ago my parents bought a house using my name. They gave me $5000 for using my name to buy the house because I had good credit. I moved back home in August because my parents moved to another state and they told me I can move back home and not pay rent to save money. A month later they said they can’t afford to pay the mortgage. So I a…

My parents were hacked I am still trying to figure out all the details between my parents, my siblings and my parents bank, but here is what I know so far. My dad was on the computer, it froze and showed a black screen and a message that said they were hacked and to call “Microsoft”. My parents called “Microsoft” and were told that their computer was compromised and t…

How should my parents invest profit from house they’re selling? Hi I’m not sure where to ask for advice, but basically we already have one house with about 200k loan left and my parents are selling their other house in Indiana. They’ll get about 150k profit and they’re not really sure what to do with the money. My parents aren’t really educated so they don’t know what to do. I don’t want them to work after 1…

My parents’ experience in Paris (appreciation post) You’ll notice I’m not going anywhere in particular with this post, just showing apprecition where credit is due as opposed to only posting to share negative experiences. My parents just came back from a 6 day trip to Paris. I was quite worried as they live in rural Italy (they speak no french or english at all and are not used to big cities) and…

Loan from parents… interest?? I am looking to purchase a home with my boyfriend in the next year or so. My parents have offered to buy said home in cash within our budget of around $400,000-$450,000. My boyfriend and I would then pay them back in monthly payments like a regular mortgage. How does this work with interest though? Obviously rates are very high right now and not…

Both parents disabled I’m not really sure where this post belongs, so I apologize if I’m in the incorrect subreddit. Both of my parents are in their late 70s, and I am their only child. My mom has Alzheimer’s (Stage 5) and lives at home with my dad, a partially disabled veteran. Three days ago, my dad was found unresponsive in a parking lot due to either pulmonary or…

Parents won’t pay for sports Hi! I need some help… For some time now I have wanted to join a sports club, but my parents are saving to pay of the debt of our house and because of that don’t want to pay for a sports club. There are a couple of organisations that give people with financial problems money so that their kids can play a sport, but since we’re not poor we don’t…

Help parents by purchasing home from them? Hi Reddit, My parents have aways been relatively low income. In 2008 they were able to buy a home in California for around $130,000. Times have changed and their financial situation is not looking great. Their house is now worth ~$400,000, but they have around ~$40,000 in credit card debt & have mortgage payment their home ($1250 per month). The…

Visiting my parents and their cozy backyard. submitted by /u/____Partygod____

How can I surprise my parents traveling in Paris today? Pretty last second, but its my parents anniversary and they are in Paris on their only overseas vacation they’ve ever taken. I’m looking for ideas on how to surprise them with a gift. submitted by /u/curlyfrie1028

Parents: how did you adapt to travel with children? We adore travel. I would go so far to say I’m personally addicted – I get so much pleasure exploring a new destination, seeking new adventures, appreciating new cultures. We usually travel around 6 places a year on average: some usually smaller European trips and 1-2 bigger long haul road trips per year. We are getting married this year and are …

European “Slackpacking trip” w/ Parents Last summer, my parents and I traveled to Portugal and walked along the Algarve Coast, about 8-12 miles per day, staying at different hotels/bnbs each night. We didn’t bring any kind of camping gear, but we got to some pretty isolated stretches of coast. It was great, and we want to go on another similar trip in July 2024. Length: 10-14 days Bud…

Parents Are Asking My Sister & I To Pay Their Mortgage Hi everyone, My parents (66 mom, 65 dad) are looking to retire and are about to sell their house. They’ll most likely get around 500k from the sale, which they’ll put towards their new house. We all used to live with them (my family and my sisters), but we’ve all moved out so they can’t afford the current mortagage payment. According to their ca…

How to insulate yourself from your parents’ debt? I noticed that my dad and his wife – who have never been all that well off – have been travelling a lot the past two years, going on at least 3-4 international trips per year. I casually asked how they had been paying for these trips, and he told me that his wife “Loves credit cards”. A little alarmed by this, I asked about their greater financi…

Parents who travelled far with young children My wife and I are from the Netherlands and we’ve travelled quite a lot before our son was born last year. We also lived in Sydney for several months in 2018 and wanted go back to Australia ever since. We’re now considering a 5-6 week trip in 2024 (part cities, part campervan), but are seriously doubting whether such a long flight (24-26 hours, 1…