How do we use this amount?

Vietnam
January 21, 2011 3:56am CST
My parents have just had a big money amount. We wonder how can we use this amount? My parents always dream about a bigger new house which is more clean and beautiful. They worked hard for a long time. Now they need to be done your dream. We're 5 siblings.We work far from our hometown in a big city and we must rent a room to live. Living expenses is very expensive here. So, we almost don't have chance to buy an own house. There are many people say that we should share the money to buy a small house in the city and our siblings will live in it. My parents can live in old house but wide. I want to build a new house for my parents. How do you think about this? Can you advise me?
4 people like this
8 responses
@kirtricks (652)
• India
22 Jan 11
buy a villa or something like that and then save the rest of the amount as fd .. so u can live with the intrest which u get from it.. great idea?
• Vietnam
22 Jan 11
This idea is the same to improve the house for my parents! Because if we buy it, we must buy in our hometown. My parents don't want to go the city.
• India
11 Feb 11
great,' cities and towns are much crowded and polluted,, hey whatabout building a new house in your hometown?
@Cutie18f (9564)
• Philippines
22 Jan 11
Let your parents make the decision of how they would like to spend the money. They might want to invest it in a kind of business which will keep them busy and active in their retirement. They might also want to give some share to the children. It is up to them really.
• United States
22 Jan 11
I agree, if it's your parents money you and your siblings don't really have any claim on it or say in how they spend it. They supported you throughout your childhood and deserve to spend some money on themselves if they so choose. if they want to help their kids out that's their choice but they shouldn't be pressured into doing it.
• Vietnam
22 Jan 11
My parents want to build the new house, of course. I and my siblings want they can complete their dream, too.
@aerous (13475)
• Philippines
22 Jan 11
As I read your post. You said that your parents had a big amount of money. But you didn't know how to used that money, right? Then, you want to build your parents a big new house. I suggest to make it for that purpose...Because house did not depreciate it's value and will be appreciate year by year...That maybe the good investment that you do for your parents...
• Vietnam
22 Jan 11
Thank you for a optimistic idea! I'll do the house. My parents will live here until their the end living. We won't sell it.
@aerous (13475)
• Philippines
23 Jan 11
That is why you need to buy house than anything else. Because if your parents do their parts to the Lord. You always remember them because of that house...
21 Jan 11
Well if your parents are dreaming hard of a bigger new house and you and your other family members have that many and want your parents to be happy then I would say weigh up your options. Some people would get them what they want to fulfil their dreams. Others would go the more logical route and get their own accommodation sorted out first instead of high renting prices for apartments and so on and then maybe just give the remaining cash to their parents to put towards a house or even to fix up the one they have. It's a hard one to call really it comes down to you and your siblings state of minds on the matter. Me personally if my parents wanted it so bad I would give them what they want but thats just me, id do anything for my mom and dad in a heartbeat if its within my power to do so.
• Vietnam
22 Jan 11
Hi my friend, thank you for your sharing. I always think that if I have enough money, I'll build a new house for my parents. Because that is their dream. So, finally, we used that amount to improve my parents' house. I and my siblings will try to save money to buy another house in the city.
22 Jan 11
Hope your parents enjoy it im sure they'll love you all for it even more now.
@LittleMel (14059)
• Canada
22 Jan 11
for you, you can look for someone to share the rent with find someone you can trust so you don't end up regretting it I am sure your parents wouldn't mind if you can't afford to buy them a house living in the city for old people is most likely not what they want there must be an affordable house in the country side that they can get they can still save money for emergency that way
• Vietnam
22 Jan 11
I'll save money to buy a new house of mine. This amount will be used to improve my parents' house. That is our decision.
• India
22 Jan 11
yes you can build house for your parents. You can fulfill their dreams by doing in their real life it self.
• Vietnam
22 Jan 11
Thank you for your ideas. I and my siblings will do this.
@ANTIQUELADY (36491)
• United States
21 Jan 11
Not knowing all the circumstance i don't want to give u any advice. I will say that instead of spending all of it at one time put some in a savings for later when they might need it worse. Rainy days do come along when we least expect them.
• Vietnam
22 Jan 11
We didn't think about this before. We only think about improving the house! But your suggestion is a good idea. Thank you!
@maean_19 (4663)
• Philippines
21 Jan 11
Wow! Big amount? And you do not know what to do with it? Can you share me some? Kidding aside my dear, Why not improve your parents house, purchase a house where you can live in the city. Yes, that is more practical. Rather than rent when you can actually have a house to live with and you can say your own. Of course, your parents deserves to live with a bigger house. But, what's the use of bigger house or wider one when you are not there joining them. That would be more sad on their part. So I guess, you just need to improve the house.
• Vietnam
22 Jan 11
My friend, I wish I can share it to you. But I can't. This amount only enough to improve my parents' house or to buy a new house in the city. So, we must choose. Certainly, after improve the house, only my parents live in, we must return to the city to work. We won't live with my parents. You mean that I must improve the house for my parents. Right? We done about this. But I want to know your ideas.