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13 votes
3 answers
8k views

Are there countries where children are forced to inherit their parents' debts?

Are there any countries in the world where the debts of the deceased must be inherited by the deceased's heirs? In the UK and USA, it seems to be well understood that if the deceased's estate is ...
timday's user avatar
  • 4,002
7 votes
6 answers
478 views

How to plan my Finances when about to have a baby: What are some considerations to be aware of?

I would like some insight into the process for financially planning to have a child. Outside of the obvious upfront medical expenses, what are some important financial considerations that I should be ...
Pemdas's user avatar
  • 171
20 votes
1 answer
3k views

Do I actually have to pay my daughter minimum wage for helping around the house?

I blogged about my discussion to this question. When I mentioned that I paid my almost-six-year-old daughter $2 for a job that took an hour I had a commenter say that I paid her "below minimum." (...
mbhunter's user avatar
  • 24.7k
25 votes
8 answers
8k views

Why do people take out life insurance on their children? Should I take out a policy on my child?

I've always found those flyers that the schools send home in September contemptible. But maybe I'm the one in the dark...? If the purpose of life insurance is to replace a wage-earner's income in ...
Nat_Rea's user avatar
  • 8,683
9 votes
2 answers
418 views

How do you make sure your child's birthday party doesn't break the bank?

I've been to childrens' birthday parties that clearly cost in excess of $500 when the price of the venue, activity, food, cake and loot bags are factored in. I don't want to spend a lot in order to ...
Nat_Rea's user avatar
  • 8,683