If i find out that your father or mother is into debts. What will you do? Can you help him or her settle the debts? How?
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If i find out that your father or mother is into debts. What will you do? Can you help him or her settle the debts? How?
Helping out parents settled their dept comes with blessings from God, sometimes our parents fall in deep debt when they lack money. I remember the smile my mom had on her face the day I help settled her small debt, she was deeply happy and pray good prayers to me. As a responsible person, you need tRead more
Helping out parents settled their dept comes with blessings from God, sometimes our parents fall in deep debt when they lack money.
I remember the smile my mom had on her face the day I help settled her small debt, she was deeply happy and pray good prayers to me.
As a responsible person, you need to help your parents when you’re capable of doing so, helping your parents require work to earn money, without working you won’t be able to help, sometimes our parents depends on us their son, so I don’t want to disappoint but help.
See lessOf course, we as children have an obligation to pay off our parents' debts, it's not like you were raised and paid for by your parents at school, so it is a necessity that you have to take over all your parents' debts. Calculate the total amount of debt your parents owe. If you have money, pay straiRead more
Of course, we as children have an obligation to pay off our parents’ debts, it’s not like you were raised and paid for by your parents at school, so it is a necessity that you have to take over all your parents’ debts. Calculate the total amount of debt your parents owe. If you have money, pay straight away in cash, but if you don’t have money you can pay off all the debt installments plus interest. So that your parents can live more peacefully in their old age.
See lessIn our country, parents debt should be settled by the children, especially the make children. If parents cannot pay their debt, children are by law obliged to pay the debt. Children cannot simply run away without paying their parent's debt. That's because children are entitled to their parental propRead more
In our country, parents debt should be settled by the children, especially the make children. If parents cannot pay their debt, children are by law obliged to pay the debt. Children cannot simply run away without paying their parent’s debt. That’s because children are entitled to their parental property. Parents cannot give their properties to any other people, they are bound to give to their children, therefore, children are also bound to settle parents debt.
See lessIf I have the capacity, then I will definitely help my parents settle their debts. But if I am struggling financially too like right now, I will not be able to help them. Though I will feel so guilty given that they have already struggled for me so much. Though there is another mindset too that pareRead more
If I have the capacity, then I will definitely help my parents settle their debts. But if I am struggling financially too like right now, I will not be able to help them. Though I will feel so guilty given that they have already struggled for me so much.
Though there is another mindset too that parents are individual human beings too. They are supposed to take of their debts and not burden their children too much.
You know there is need to teach our parents financial literacy. Most of them did not learn how to budget well and make money grow through investment.
See lessI won't even think twice before I help my parents to clear their debts. I have done it several times. I can't watch my parents wallow in debts when I can afford to clear them. Most times, our parents won't get involved in debts that they are in if not for the fact that they spent all their resourcesRead more
I won’t even think twice before I help my parents to clear their debts. I have done it several times. I can’t watch my parents wallow in debts when I can afford to clear them. Most times, our parents won’t get involved in debts that they are in if not for the fact that they spent all their resources training us. It is simple reciprocal gesture to help parents clear debts.
See lessYes if we are able to or have ability to do that. You know helping your parents to pay their debt in another way is also helping you, because your parents sometimes are planning to build a good future for you, so by helping them you're also helping yourself. I can remember one man that invested hisRead more
Yes if we are able to or have ability to do that.
You know helping your parents to pay their debt in another way is also helping you, because your parents sometimes are planning to build a good future for you, so by helping them you’re also helping yourself.
I can remember one man that invested his money on real estate business for the seek of his children and future generations.
Though now our days expenses is more than income but with kindness we can still do the needful things no matter how condition is.
See lessYou can certainly assist your parents in paying off their debts, but you must do it with caution and responsibility. Therefore, you might begin by asking your parents about their financial position in an honest and non-judgmental manner. Recognize the extent of their loans, the different categoriesRead more
You can certainly assist your parents in paying off their debts, but you must do it with caution and responsibility. Therefore, you might begin by asking your parents about their financial position in an honest and non-judgmental manner. Recognize the extent of their loans, the different categories of debt they have, and the interest rates and terms associated with each type of debt they have to repay.
See lessYes, why not I will. It is to Make sure i have a clear agreement about the form of help, such as a loan or gift, and any terms for repayment. If you want to give the person something outright, I will consider giving them cash, paying one of their bills directly, or providing them with non-cash assisRead more
Yes, why not I will. It is to Make sure i have a clear agreement about the form of help, such as a loan or gift, and any terms for repayment. If you want to give the person something outright, I will consider giving them cash, paying one of their bills directly, or providing them with non-cash assistance. Consider giving them a job, if I can. So it is two ways I would find out the amount of the debt to clear them and it I can get them jobs so that they don’t continue to be in debt.
Others ways to help my aging parents settled their debt include
See lessOffering to help balance their checkbook or send monthly payments.Offer to have my parents move in with me if they need help financially to keep them off debt
Yes, it is possible to help your parents settle their debt, but it can be a complex and challenging process depending on the amount of debt they are into also it can be emotionally and financially challenging. It's important to strike a balance between providing support and enabling unhealthy financRead more
Yes, it is possible to help your parents settle their debt, but it can be a complex and challenging process depending on the amount of debt they are into also it can be emotionally and financially challenging. It’s important to strike a balance between providing support and enabling unhealthy financial habits.
See lessHowever it important to encourage our parents to take an active role in managing their debt and work together to find solutions that fit their unique situation. Consulting with a financial professional can be highly beneficial in navigating this process.
Yes there is notting wrong with the children paying off the debts of their parents. If you want to pay off debt you need to earn money and the best way to earn money is to either startup a business or work under someone. Create a plan and budget on how you plan on saving enough capital to pay off thRead more
Yes there is notting wrong with the children paying off the debts of their parents. If you want to pay off debt you need to earn money and the best way to earn money is to either startup a business or work under someone. Create a plan and budget on how you plan on saving enough capital to pay off the debt and set a time frame for yourself on when you want to pay it off completely. Self discipline would also play an important role if you want to pay it off.
See lessI don't think there is anything wrong with helping your parents loose or pay their debts, if am not mistaken, i believe it's the wish and probably dream of every child out there to be able to assist their parents to ensure that they live a very comfortable life. It is also the joy of parents to haveRead more
I don’t think there is anything wrong with helping your parents loose or pay their debts, if am not mistaken, i believe it’s the wish and probably dream of every child out there to be able to assist their parents to ensure that they live a very comfortable life.
It is also the joy of parents to have kids who can assist them, but that doesn’t mean they have to leave debts everywhere though.
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