My parents know we are comfortable, but that's about it.

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Feb 16, 2021
10:17:37am

crack Truly Addicted User

My father in law does our taxes, so he has a pretty good idea of everything except our retirement accounts.

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crack

Bio page: crack
Joined: Nov 17, 2005
Last login: May 2, 2024
Total posts: 42,340 (119 FO)

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Messages

Author

Time

How open are you with your parents about finances?

kccougar All-American

2/16/21 9:47am

Goodness no. Why should they?

CommodoreCoug

2/16/21 9:48am

How else are they going to know how much money to send from the trust fund?

rcbyufan

2/16/21 10:00am

Probably, how much can people see from the other side?

SpotOnOpinionsGuy

2/16/21 9:48am

This.

Archaea

2/16/21 9:58am

I'm their financial guide. I know everything about their finances.

Pimpin4Paradise

2/16/21 9:49am

How much do they know about YOUR finances?

kccougar

2/16/21 9:49am

They know that my reading comprehension is subpar.

Pimpin4Paradise

2/16/21 9:51am

I have always just used them to manage them since that's

Baron

2/16/21 9:49am

They have a vague idea about our finances

KingDave

2/16/21 9:50am

Yes.. I’m in same line work as my old man who still works so we compare

cougfanz

2/16/21 9:51am

LOL

conflictedcoug

2/16/21 9:52am

Probably about as open as they are with me

Heath Squashwell

2/16/21 9:55am

I always tell them that I'm not gonna be able to make the payment on my phone bill or car insurance that way they're not

IceBlueCoug

2/16/21 9:55am

Basically all my dad and I talk about is business and finances

4th and Niner

2/16/21 9:56am

Same. I learned all of my foundational personal finance, investing and retirement from my dad. He's living a lot of the

supertux

2/16/21 9:59am

We are very open both ways about finances. No secrets either way.

Ycrazy

2/16/21 9:57am

They're both dead so yeah, they know.

John Doe

2/16/21 9:58am

Can deceased loved ones in the spirit world view my account balances?

fan_byu

2/16/21 10:35am

I believe they can see what's going on on this side of the veil.

John Doe

2/16/21 11:45am

No privacy? Really?

HONOMO

2/16/21 4:16pm

They have their guesses but they’ve never asked me directly how much I make

YIsForBrigham

2/16/21 9:58am

I’m much more open now than I used to be. I used to not share anything, but share some now.

Texas Hammer

2/16/21 9:58am

Not very. They know we're within a range, but my mom always seems surprised when

Vincent's Picks

2/16/21 9:59am

As they age, you very much should know more about your parents finances. They can be taken in by scammers.

SpiffCoug

2/16/21 10:02am

I think my parents speculate, but don't really know/

Romex

2/16/21 10:04am

They've never asked. I've never told.

Mister P

2/16/21 10:06am

My mom would LOVE to know. So...

justAnotherCoug

2/16/21 10:17am

Why? Are you worried she'd steal your money or something?

Mister P

2/16/21 10:35am

No. Honestly?

justAnotherCoug

2/16/21 12:36pm

My parents know we are comfortable, but that's about it.

crack

2/16/21 10:17am

Not very open at all, but about 12 years ago it would have helped if I had been

USMCdad

2/16/21 10:17am

We don't discuss specifics in our family. My parents are of the Builder gen.

m0resn0w

2/16/21 10:35am

My mother turns 99 next month. Always asking me what I am doing and why at age

Nat Gas Man

2/16/21 10:41am

I love this

conflictedcoug

2/16/21 4:11pm

I will say that as a parent of grown kids I pretty much know their status and

Nat Gas Man

2/16/21 10:43am

My parents are in heaven

BYU Grounds

2/16/21 11:15am

Because my brothers tried to take some advantage of my parents due to how much

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