Hey! So: young-ish GenX’er here, single, no savings. I jut got a decent job with a liveable wage and great benefits. I’m tackling old bills and trying to save up to eventually own a house in a fairly cheap housing market where I live. My younger sibling (older Millennial) is married and working part time while finishing up their belated undergrad degree. They just had their first baby and I want to do something financially to help them out. In addition to spending my time (taking care of the baby when I can, etc) to help them, they really do need more money and although I’m a poor credit - bad saver, since I have a stable income these days and it’s just me, I want to see if I can squirrel away some money and save it or invest it wisely to help them with some of their bills. How can I take some money (like in the lower 1,000’s) and maximize that to help them pay some bills to take some stress off of them? Any ideas? I don’t know anything about playing the stock market and anything I invest would need to be liquid within a few months. Should I give them straight-up cash or move that $$ into an account? Or use it for a membership to something that would help them save on groceries or other expenses?
Any idea is on the table. Lemme know what you think. Thanks so much!!
Submitted November 17, 2017 at 09:13AM by smurfsm00 http://ift.tt/2mzCP4l
