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Q: Our parents want to give us a sizeable chunk of coin to help us update our new house (our first!). Should we swallow our pride and take the cash?

Diana says...
“Beg, borrow or steal,” was the advice from our real estate agent when my husband and I were scraping together a down payment for our house. That mantra is also good advice when it comes to money gifts for renovating a home. Bring on the cash, folks! An updated house also makes things much easier when it comes time to selling your starter home.

Diana Cawfield is an award-winning financial writer with more than 10 years experience. Send her your questions here.