Category: helping hand
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No matter how old our children are–no matter how grown up and independent they become–there still is room for parental presence and the reassurance pf emotional support.
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If we favor one child over another financially–even because one is needy and one is not–sibling rivalry can rear its ugly head and upset a family’s balance.
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A brat allowance–open access to the bank of mom and dad–is not only the worst possible way to help out our grown kids financially, but it can be habit forming.
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When are our children financially independent adults? A British survey offers a surprising answer.
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The loan officers at the Bank of Mom and Dad may find it’s better to gift money to a child in need than lend it.
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We are not alone in doling out financial help to our 20- and 30-somethings. The Brits do it for even longer.
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If we’re at all like Canadian parents, we’re postponing retirement to earn the extra bucks to ease the financial road for our grown kids.
