Personal FinanceCanva | ajr_images from Getty Images and theboone from Getty Images SignatureChristy BieberThis post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
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A Reddit poster gave his son money for a down payment.
His daughter is upset she didn’t get this type of financial help.
The Redditor had some good reasons for his decision, and he has the right to use his money in the best way for his whole family.
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Is it fair to give one of your kids help with a home down payment and not the other? That’s the question a Reddit poster asked recently. While at first glance it may seem like the answer is an obvious no, digging a little deeper into the details shows that the original poster (OP) may have been exactly right in the financial decisions that he made. Here are the details of what happened along with some tips on managing money and finances when you have multiple children. Family details show helping his son was the right moveThe OP who posted the question about the down payment explained that his son works hard but has been struggling to save money for a home in today’s competitive housing market. When his son found a property he loved recently, he was a bit short on the down payment. The OP had just won a sports bet and had some extra cash, so he and his wife helped out his son and gave him the money to put down on his dream home.When his daughter found out, she began accusing her parents of favoritism, claiming they never gave her financial help, and badmouthing her parents to others. There are a few issues with her behavior, though. For one thing, the OP said that the family helped her out a lot in the past after she dropped out of college and went into rehab, which her parents paid a fortune for. She’s also married to someone wealthy and had no trouble purchasing a house that was bigger than the one her parents own.As the OP said, he isn’t wealthy, and helping to buy a third vacation home for his daughter’s family isn’t something he wants to do. Why fair isn’t always equal when it comes to helping your kidsCanva: golubovy from Getty Images and Leefoster from Getty Images SignatureWhenever parents have multiple kids, there’s a risk of being accused of favoritism — especially when money is at stake. The reality, though, as several other Reddit posters pointed out in the comments, is thatfairisn’t always equal. Sometimes, kids need help in different ways or at different times, and s