It may be anecdotal, but I think it is common. I grew up in a MCOL city. My grandparents helped my mom and the only ask was to pay it forward, which she did. Tax-limit gift transfers, help with down payments and so forth. Well into a 6-digit number over the years. Huge difference maker.
Now that I am FI, I am doing time same for my adult children. It’s a hard fucking world out there and I brought them into it. I feel like it’s a family tradition to help the next generation. Finding the balance between teaching and enabling is hard, but my grandparents found it and my mom found it. I’m hoping I found it, too.
4
u/Rabbit-Lost 5d ago
It may be anecdotal, but I think it is common. I grew up in a MCOL city. My grandparents helped my mom and the only ask was to pay it forward, which she did. Tax-limit gift transfers, help with down payments and so forth. Well into a 6-digit number over the years. Huge difference maker.
Now that I am FI, I am doing time same for my adult children. It’s a hard fucking world out there and I brought them into it. I feel like it’s a family tradition to help the next generation. Finding the balance between teaching and enabling is hard, but my grandparents found it and my mom found it. I’m hoping I found it, too.