Neha Nagar Instagram – Raksha Bandhan 2024 ❤️
Let’s talk about money & siblings.
Money is one of the most common reasons for family conflicts mainly among siblings but do know how to deal with it
1) Divide the expenses
One of the leading causes of sibling conflict is the financial arrangement for elderly parents, whether it is paying for their medical expenses or taking care of their living expenses after retirement.
In such a case, the richer sibling should contribute the money, while the less wealthy sibling should pitch in with time and physical assistance.
2) No expectation
If a joint vacation is planned, it should ideally be done in such a way that the less wealthy sibling can afford it. Having high expectations for the less wealthy sibling and expecting him to accompany you on expensive vacations will eventually cause a split. If two of the three siblings want to go on a luxury vacation, they should be willing to help finance the remaining sibling’s vacation (if it is acceptable to him).
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3) Money with the agreement
Taking money from the wealthier sibling on a regular basis and failing to return it just because he is rich can cause serious differences. In no case should the richer sibling be used as an interest-free source of funding.
Take money only in case of an emergency, with a written agreement on returning it in a specified time frame. Even if the richer sibling wants to help without any expectation of the money being returned, a written agreement will help ward off misunderstandings.
Hope it helps 🙂 | Posted on 19/Aug/2024 18:13:37
