Being the financially responsible sibling is great. Until everyone starts assuming you'll be the one footing the bill for Mum and Dad.
This week, we're getting into a family money dilemma that's probably going to ruffle a few feathers. One community member has spent years building her savings, while her siblings have been spending theirs. Now their parents are getting older, and she's worried being the sensible one means she'll automatically be expected to contribute more. Is that fair? And how do you have that conversation without starting a family war?
Plus, a 22-year-old business owner wants to build her property empire and is wondering whether buying a home through her business could be a clever tax move, or a very expensive mistake. We're unpacking what she needs to consider before jumping in.
And because it's Friday Drinks, we're also debating whether wearing socks to bed is an actual crime, celebrating some seriously impressive Money Wins and sharing Broke Tips that might save you a few dollars.
Grab a drink, friends. We've got opinions.
Thank you to our friends at Revolut for helping bring our money wins to life! To learn more about Revolut and get your $40? – click here!
INVESTING CHEAT SHEET, INCOMING: Grab a copy of our investing cheat sheet over on our website shesonthemoney.com/download-resources.
WTF IS COMPOUND INTEREST? Learn all about what folks have described as the eighth world wonder by searching for ‘compound interest’ on the blog: shesonthemoney.com/blog
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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements (queenacknowledgements.com)
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