Our delightful and frugal 31-year-old daughter is living at our home for free while paying down her graduate-school student loan. I told her that as far as her siblings and parents are concerned, that is a cash equivalent of about a $2,500-a-month gift. She disagreed, given that no cash is changing hands. Who is right?
For that reason, I suggested to our daughter that her living arrangements are a gift. My three children’s continuing positive relationships with one another are of the highest priority, and they are aware of that also. She did seem to agree with my opinion of the value of her living arrangement, but not that it’s the equivalent of a cash gift.Thanks for your letter. It’s short and — well, I’m not sure if it’s all that sweet.
Don’t miss: My stepdaughter blew through an inheritance and was mysteriously fired from her job — what should we do with our $1.6M estate? I’m not saying such conversations aren’t worthwhile. It’s healthy to air your thoughts and process them with your daughter and husband. But the real gift here is from you to your daughter, and it doesn’t have a price tag. You welcomed her home with an open door and an open heart, and I’m sure that she will learn from your generosity and do the same for her own children if they ever need similar help.
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