Tuesday, July 20, 2010
Don't Be an Enabler for Your Children's Poor Financial Decisions
I frequently counsel clients about how, if at all to provide assistance to their financially irresponsible adult children or grandchildren. This past week's Parade Magazine included this excellent article summarizing the "do's and don't's" for parents considering providing financial assistance to an adult child. Bottom line: a little assistance for a financially strapped child is ok; but don't become an enabler for their poor personal financial habits!