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Old 08-14-2007, 08:52 AM   #1
Question Sibling/Family Financial Inequality
Kim
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Do any of your siblings or other close family members make, spend, or have significantly more or less money than you do? Is it an issue? If yes, how do you handle it?
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Old 08-14-2007, 09:05 AM   #2
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chopey
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My sisters are still in college, so I definitely make more than them...but we definitely do NOT worry about it, or really converse about it. My parents make more than DH and I, as do his, but it's not something we battle for or compete with. When my sisters are out of school and into their careers, I really hope they make good incomes, but it's not all that important. I won't judge them for what they make or don't make, and they wont' do that to me. I will be happy with whatever they make if it makes THEM happy. DH's family is pretty much the same. We don't all sit down and discuss our finances with everyone, even though we know what we all make. As long as everyone's ok, we are all just happy with that. No money fights in this fam.
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Old 08-14-2007, 09:14 AM   #3
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My sister and my parents have significantly more money than we do!!! My parents earned it big time!!! My sister's dh just got lucky and lucked into a job where the company took off and went public and he literally made millions. I guess it is not really an issue since we are not close at all and live many states apart. My cousin lives by us and they make tons and tons of money. We are fairly close, but it has not been an issue. They usually pay for things we do together, though, since it is nothing to them and alot for us.
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Old 08-14-2007, 09:18 AM   #4
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We definately make significantly more than all of our siblings. It's not an issue...
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Old 08-14-2007, 01:25 PM   #5
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DH makes more than almost all (if not all) of my sisters & BILs, but because I'm a stay at home mom we TOGETHER make less than them! Since all our situations are different no one is looked down upon or anything. Most everyone is doing work they're passionate about so if they make less (or nothing like me) then it's not a big deal cause we're all happy with what we do! I just recently got one sister into Dave Ramsey with me so she's the only one I really talk finances with, but although they make more, they are more in debt so we don't really compare!

DH's family though makes a lot less. They are AMAZED at how much he makes and have actually told his old high school friends when they run into them after not seeing them for 10+ years! It's pretty embarrassing and he'd rather not discuss it with them, but anytime he changes jobs or gets a raise they ask how much! So far it's not a problem because they're all living off his Grandma - when she's gone I'm worried they'll be coming to us for money, but I'm pretty sure they'll stop after getting turned down a few times so hopefully it won't become a problem!
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Old 08-14-2007, 02:54 PM   #6
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My sis, bro and I make around the same amount of money, give or take a little. My other sis does not work and yes that is an issue with her that we work and make money. (long story)

With the other two, it isn't so much how much we make an issue, but what we spend our money on. Plus my sis is married, so technically their income is about 3 times larger than mine or my bro's. I have a furnished house, a decent car (used), clothes, different things like that. My sis's has a lot but only because of her dh. It doesn't become much of an issue until they ask about doing things together and I say I can't afford it. They don't seem to understand.
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Old 08-14-2007, 03:13 PM   #7
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Well, we definitely make much less than DH's sis and her hubby. It really doesn't matter, excpet that they act like their children have such an advantage because they give them anything their hearts desire and they send them to the most expensive school in the area. But we are rich in other ways. We have such a great marriage and a wonderfully happy preschooler, so we try to let it all slide.
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Old 08-14-2007, 03:23 PM   #8
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my sister and her dh make more money than we do, by quite a bit, but they have no kids, and do alot of traveling, they live a completely different lifestyle, adn don't flaunt it in anyones face. they live below their means and have quite abit saved up. where as we we have no savings, and never travel lol. since i am terrified of flying, it doesn;t bother me so much. i have never been bothered by how much more they make because we are wealthier in more ways, they really want kids but can't ahve any of their own, if we go somewhere with my sister and her dh she insists on paying for the kids and i insist on paying for myself. she offers everyyear to pay for the kids extra activities, i have yet to take her up on the offer mainly cuz i forget she made it lol. every year she buys the kids shoes bnecuase she loves to shop, she buys the kids tons of stuff for them, and i don't mind, i am just happy they get it. and i know my sister and her dh work their butts off for all the money they make. tehy earn it. i may have felt some resentment if she had just fallen into the money and never had to earn a penny of it. but she didn't.
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Old 08-14-2007, 03:26 PM   #9
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For a long time, we made more than my sister's dh because he was moving up in his practice. However, they seem to make much more than us now. I'm very happy for her. She's married to a great guy. She is a SAHM, but lives near an expensive city, is able to do many things with her time, and is still frugal in many ways. As we came from humble beginnings, I'm glad she's well off - they aren't rich, but they are comfortable. I do wish we could take the trips, etc. that she is able to do, but we can't. I feel green sometimes in that way, but it's not toward her, personally. I'm happy for her. She also helps out others when needed, which, unfortunately, is family members who aren't doing so well, and never will.

If we lived closer to one another, I still don't think that would change. She mentioned one time she always felt in competition w/me (because I went back to school, etc.), but we're very, very different.
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Old 08-15-2007, 06:11 AM   #10
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My brother has always made more than us but that is because he's so much older than I am and more settled.

But now that I'm getting older and my husband and I are getting more established we might see a reversal of things. For instance, my brother still makes more money, but our health insurance is a lot better and at one point he didn't even have health insurance and had a heart attack (that will set just about anybody back). On the same note though, my brother, being so much older, is now looking towards retiring while that is some years off for us.

So I suppose it really we can't compare.
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