Ok...so my parents gave me $5,000 as a gift. The truth is, I don't want to spend it on myself. I make my own money, and would feel selfish to use it knowing that they have no retirement funds/investments. So my question is, how would YOU spend this money on your parents?
Thank you
2007-09-11 15:37:18 · 3 answers · asked by metal-metal 1 in Business & Finance ➔ Personal Finance
Invest it as if it were for YOUR retirement. When and if they need it, you can give it back with interest.
2007-09-11 17:43:22 · answer #1 · answered by STEVEN F 7 · 1⤊ 0⤋
Have you ever heard of Kiva? If not, Google it and use your imagination for using $500 of the money. Put the rest in some kind of investment or savings and keep it there for your parents in case they have a "rainy day". You will have double the pleasure.
2007-09-11 15:57:05 · answer #2 · answered by Wildflower 3 · 0⤊ 0⤋
It is a gift. It is insulting to return a gift like that. Save it. If it's needed for an emergency you'll have it then. Open an account in their name if you want.
2007-09-11 15:42:53 · answer #3 · answered by justbeingher 7 · 0⤊ 0⤋