|
|
|
|
|
Forum
-> Household Management
-> Finances
amother
Mustard
|
Tue, Jan 26 2016, 2:39 pm
The Canadian Dollar has gone down significantly. When we originally committed to x amount of dollars the dollar was at par. Should we be changing the amount of money we send to children in Lakewood. I know their expenses haven't changed. But should we be sending 30% more?
Does anyone have experience with this or similar situations such as changes in finances? Lost job? Needs of other children?
I'm curious what other have done and any advice?
| |
|
Back to top |
5
0
|
naturalmom5
|
Tue, Jan 26 2016, 2:47 pm
If you want to gift your children , by all means give them 59% more, 100% more 200% more
If its just a written agreement, then if its American dollars, you owe American $
What's the ?
If there is no written stipulation then just give Canadian, it is what it is
| |
|
Back to top |
0
2
|
zigi
|
Tue, Jan 26 2016, 2:48 pm
can you afford the extra amount? I guess I would make a sum that I could commit to in my currency
| |
|
Back to top |
0
0
|
amother
Dodgerblue
|
Tue, Jan 26 2016, 3:27 pm
I work in financial services and my colleagues think that the Canadian dollar is going to slide further.
Assuming that you have more money than just month to month, is there any way that you can open a US bank account and stock it with US dollars now, and then use that to send money to the kids?
Alternatively, if you speak to a financial advisor there you might be able to lock in an exchange rate for future cash flows. It's a sophisticated vehicle and you pay a premium for this, but if your support is going to be long term then it might be worth it.
| |
|
Back to top |
1
2
|
gittelchana
|
Tue, Jan 26 2016, 5:38 pm
amother wrote: | The Canadian Dollar has gone down significantly. When we originally committed to x amount of dollars the dollar was at par. Should we be changing the amount of money we send to children in Lakewood. I know their expenses haven't changed. But should we be sending 30% more?
Does anyone have experience with this or similar situations such as changes in finances? Lost job? Needs of other children?
I'm curious what other have done and any advice? |
In the olden days of the Shtetel, when life was all rosy.....
This was a classic reason for in laws to renege on their promise of Kest (for those who even got such a promise....) When the FIL lost all his money or any other circumstance arose that made them unable to continue their agreement, they stopped paying or slowed down.
You don't owe them any money. You agreed to pay for their expenses based on certain abilities. Now you don't have those abilities. The point was always to have a part in their study of Torah. The point was never for you to go bankrupt doing so.
| |
|
Back to top |
0
2
|
sourstix
|
Tue, Jan 26 2016, 6:36 pm
yes I just feel bad for the couple cause they rely on it. its scary when you are dependant. I dont do this. but I can understand it. not saying op has to go into debt.
| |
|
Back to top |
0
0
|
SRS
|
Tue, Jan 26 2016, 7:50 pm
What was your agreement? Morally it is only right to follow what you agreed to and if you cannot, go back to the drawing table.
| |
|
Back to top |
0
0
|
|
Imamother may earn commission when you use our links to make a purchase.
© 2024 Imamother.com - All rights reserved
| |
|
|
|
|
|