<prompt> Human: Long story short I have a very good relationship with my 3 siblings, I am the oldest and much more into being financially responsible than them. They are all in college or recent grads working part time intermittently and I have a steady job making 85k a year salary. They know they need an emergency fund but their logic is I dont have enough money to save any or they just dont care enough to bother. I dont want to see any of them fall on hard times but I dont want to loan give them money if they run into trouble either. Im just starting my emergency fund big mistake on my part not having one until now and thinking of ways to kill two birds with one stone. So please critique my plan: I will see if they want to all put in a certain amount each monthquarter toward an emergency fund that I would manage. The amount would be equal for all 4 siblings, whatever the poorest sibling could afford. We would keep adding to it until it reached an amount that would be 3 months of living expenses for any sibling maybe 2 siblings. Each sibling would have a debit card for a joint checking account with me and I would manage the flow of money in and out of each account. When one of them needs to withdraw money in an emergency they would not be able to participate in the fund any more until they paid it back. Assuming I dont screw them over and they dont withdraw and bail is there any way my idea could be improved or tools I could use to better manage the accounts? Was thinking of using Ally bank to keep the money organized in multiple accounts.  <response>: This is a terrible idea. What happens when they want more money than theyve contributed? What happens when you think their need isnt emergency worthy? There are no benefits to this, only tears.Your siblings are adults. Its time they start managing their own financial affairs. You are not responsible for their financial wellbeing. 