There have been several great discussions here in the community about the topic of money in relation to relatives.
Today's question comes from a personal lesson that has been difficult to learn.
How much do you trust your family when it comes to finances and specifically your finances?
Do they have your back or are they always trying to take from you or just don't even care?
Up until recently, I would have trusted anyone in my immediate family to have my best interests in mind when it comes to money, that is until one family member racked up a debt in my name to the tune of $30,000 and left it on my shoulders to pay. (Using a credit card they were authorized under as I was trying to help them build credit)
To the rest of my family's credit, they did pitch in to help me cover this (for me) astronomical figure, but up until this point, I would have never thought someone from my own family could do something like this.
This post is not to get people to feel sorry for me, but to see what others perspective is when it comes to your family and your finances.
Have you been burned financially by a family member, and if so, how would you interact with that person moving forward?
If you haven't been burned, how much do you trust your family with finances?
Looking forward to hearing your response!