Dear Carolyn: I have decided to give a sizable cash gift to each of my children and their spouses each year. My son and daughter-in-law have already told me what they are going to spend the money on: doing house repairs, paying off their car, etc.
My concern is with my daughter and her new husband. They are both teachers in their late 30s. He has a history of overspending (apparently it runs in his family). He had a lot of debt when they met and my daughter helped him navigate paying down loans and credit cards. She has shared all of this with me. She said he…
