Financial Dilemma

[Benton]

(04-01-2019, 05:04 PM)WeezyBengal Wrote: My wife and I both make good money. I am a software engineer/developer and she is a school counselor. Her parents are VERY well off.

She had a family meeting with just her and her family over the weekend and came home and told me that her parents are going to be giving her/us $2,000 a month. I guess they have so much money they don't know what to do with it and they want the ones around them to live a better life. They think this will help and free us up financially. Her dad wants us to have the things he couldnt afford or couldnt have when he was our age (30).

I am honestly not sure what I think about it. We don't necessarily need the money (we save money each month and live comfortably) but more money is always good. I HATE handouts and its almost emasculating in a way. I want to provide for my wife and my daughter and dont want anyone else's money. I am really struggling with it. Part of me is appreciative and it will make life easier, but part of me doesn't want any part of it.

If anyone else ever found out about this (family/friends/etc) im not sure how I would feel. I would be totally embarrassed.

What are your guys' thoughts?

Would you rather take the money and pay modest taxes, or wait until they die (not being crude, it's just life) and have the same money heavily taxed?

From my own experience, my folks are fairly well off. They worked hard and invested well, and received a pretty big chunk several years ago through inheritance. Anyway, from time to time my dad or my mom will hand me an envelope with several thousand dollars in it. At first I took offense. I always liked the fact that I started out with nothing, and even though I don't have a lot now, I earned it. But they kept doing it and finally I understood when my mom told me they'd rather see me use the money to do something good for my brother and I (take the kids on a vacation or invest it or whatever) instead of just knowing they were leaving a stack of money behind. 

Take the money. It's not so much about you and her, it's about them.