Money Matters
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

Deleted

edited April 2014 in Money Matters

Re: Deleted

  • The only thing you really can do is tell her your experience.  You LOVE being money rich, house poor (cheap house, but have lots of cash).  And that when you looked for a home, your lender approved you for double what you could truly fit in your monthly budget (this is usually the case).

    But one big recommendation is to not tell her she's making a bad decision, or tell her that she has no money or can't afford it.  Just tell her your experiences, otherwise she may feel like you're getting into her personal comfort zone.

    TTC since 1/13  DX:PCOS 5/13 (long, anovulatory cycles)
    Clomid 50mg 9/13 = BFP! EDD 6/7/14 M/C 5w6d Found 11/4/13
    1/14 PCOS / Gluten Free Diet to hopefully regulate my system. 
    Chemical Pregnancy 03/14
    Surprise BFP 6/14, Beta #1: 126 Beta #2: 340  Stick baby, stick! EDD 2/17/15
    Riley Elaine born 2/16/15

    TTC 2.0   6/15 
    Chemical Pregnancy 9/15 
    Chemical Pregnancy 6/16
    BFP 9/16  EDD 6/3/17
    Beta #1: 145 Beta #2: 376 Beta #3: 2,225 Beta #4: 4,548
    www.5yearstonever.blogspot.com 
                        Image and video hosting by TinyPic

  • tricky! at a certain point she is going to do what she's going to do. is it worth possibly tarnishing your friendship over to help her see where she might be making a mistake? and to the otherside are you going to be okay with being her friend if/when things fall apart?

    If she's not taking the hints from her friends could this be a tough lesson she just needs to learn?

    I struggle with this, In my family money and personal finances were just that, personal.  I struggle sometimes with my SIL and her poor money choices, mainly because there are children involved.  I've offered advice and suggestions when she asks, but I've never had a "you need to be more responsible with your money" conversation with her...to each their own.  I made a choice to attend a small liberal arts college and take on more student loan debt than if I have attended a state college, but that's my bed, and I'm okay with laying in it. 

    Everyone has their own risk tolerance....maybe she has a high risk threshold when it comes to her money? if she really doesn't have the cash-flow to afford the house how likely is it that's she'll get approved for the mortgage? I know it happens, but if she's really in dreamland? she must have a pre-approval the broker is working with to find homes in her range?

    Me: 28 H: 30
    Married 07/14/2012
    TTC #1 January 2015
    BFP! 3/27/15 Baby Girl!! EDD:12/7/2015
  • This didn't really get deleted...

    Anyway, all I do us lightly hint, like you. It's really all that you can do. People who aren't ready to deal with their finances yet can really shut down if you bring it up too much, unfortunately.
Sign In or Register to comment.
Choose Another Board
Search Boards