You are currently viewing How to Help Your Adult Kid with Money!

How to Help Your Adult Kid with Money!

“My kid still depends on me for money. Is that normal?”  This is a question that comes from a lot of parents with adult children – and when I say “adult children”, I’m talking 25 years and older. My answer to them is almost always: “No. It’s not normal” 

But the bigger question is: WHY is your adult kid still depending on you for money? And what can be done to  stop it?

 So, let’s get into it, but reader beware… you may not like what I’m about to say. The good news is that I don’t care if you like it or not, I need to keep it real with you so that you and your spawn can both have a healthy relationship with money. 

Here are some red flags to watch out for…if your adult kid:

  • Still lives with you
  • Asks you for money (more than just once in a while)
  • Lives in your house with their children or a significant other without paying normal amount of rent
  • Relies on you when they’re in a money pickle
  • Doesn’t have a job
  • Gets any of their bills paid by you
  • Has a job but isn’t contributing fairly to the household

….then you’ve got an issue. 

I know what you’re thinking: “I don’t have an issue! Shouldn’t I help my kid? Isn’t that what parents are for?”

To which I answer: Parents are there to guide their children, not to do it for them. The same way you taught your child to put his own pants on, go potty, walk on her own, etc. you need to teach them how to handle their own financial affairs so that they won’t need you, a partner, a spouse, or the government in the future. You need to teach them how to be self sufficient because guess what happens if they aren’t? 

The moment you die or you can’t help them anymore, they are lost, misuse their money, get into debt and lack self esteem, knowledge and confidence in life. I know this because after 20 years in banking and as a financial advisor, I see it all the time. You are creating a generational money mindset problem! Is that the type of legacy you want to leave to your child? Yeah, I didn’t think so.

So what’s the solution? 

Stop babying your grown ass kids!  The more that you allow your kids to deal with their own money issues, the more you guide them. They learn how to deal financially and in life and they become resilient vs dependent. It’s a very big difference.

If you give a man a fish you feed him for a day. If you teach a man to fish you feed him for life. Begin slowly having them handle their own financial affairs. Begin lovingly saying ‘no’ when they rely on you for money. Have them pay a realistic amount of rent and utilities to help out the house. Slowly teach them how to fly before they fall hard on their face when you’re no longer here. For more money mindset videos, find me on YouTube here and if you have a personal question, you can set up a consultation here.

This Post Has 115 Comments

  1. Good post. I learn something totally new and challenging on blogs I stumbleupon every day. It will always be interesting to read through articles from other writers and use a little something from other sites.

  2. Albertpycle

    [url=]canadian pharmacy[/url] canada ed drugs

  3. Albertpycle

    [url=]ed meds online without doctor prescription[/url] online canadian drugstore

  4. Albertpycle

    [url=]generic doxycycline[/url] doxycycline without prescription

  5. Richardinath

    [url=]amoxicillin online no prescription[/url] amoxicillin online no prescription

  6. Richardinath

    [url=]where to purchase doxycycline[/url] buy cheap doxycycline online

  7. Richardinath

    [url=]order amoxicillin online[/url] amoxicillin 500mg pill

  8. Richardinath

    [url=]doxycycline hydrochloride 100mg[/url] buy doxycycline online without prescription

  9. Richardinath

    [url=]zithromax prescription in canada[/url] zithromax 250 mg tablet price

  10. Richardinath

    [url=]buy cipro online canada[/url] antibiotics cipro

  11. Richardinath

    [url=]order doxycycline online[/url] doxycycline 100mg tablets

  12. GeorgeAvaps

    [url=]prednisone brand name[/url] no prescription online prednisone

  13. GeorgeAvaps

    [url=]buying from canadian pharmacies[/url] canadian pharmacy online reviews

  14. SteveSix

    [url=]amoxicillin order online[/url] amoxicillin 500 mg tablet

  15. Rodneyunist buy prednisone 10 mg
    [url=]amoxicillin 500mg pill[/url] antibiotic amoxicillin

  16. SteveSix

    [url=]50 mg prednisone tablet[/url] prednisone 20 mg purchase

  17. StephenSob canadian pharmacy no prescription needed
    [url=]ivermectin drug[/url] ivermectin canada

  18. StephenSob cialis tadalafil
    [url=]daily cialis reviews[/url] cialis australia online stores

  19. .

    I really love your website.. Excellent colors
    & theme. Did you build this amazing site yourself?
    Please reply back as I’m looking to create my own blog and would like to
    learn where you got this from or just what the theme is called.
    Appreciate it!

  20. Keithneage legal canadian pharmacy online
    [url=]mens ed pills[/url] erection pills that work

  21. Edwinmex

    [url=]buy prednisone online fast shipping[/url] price of prednisone 5mg

  22. Keithneage singles ads
    [url=]legitimate canadian mail order pharmacy[/url] onlinepharmaciescanada com

  23. Edwinmex

    [url=]canadian pharmacy online store[/url] best canadian pharmacy online

  24. BryanNuago

    ed meds online without prescription or membership
    buy prescription drugs without doctor get medication without doctor

  25. KeithGroff

    new treatments for ed
    erectile dysfunction medications ed pills online canada

  26. Frankpheld best male ed pills
    [url=]discount ed drugs[/url] top ed pills

  27. AlvaroBum

    great canadian pharmacy
    [url=]ed pills online canada[/url] canadian meds without a script

  28. AlvaroBum

    legitimate canadian pharmacies
    [url=]best ed medication[/url] canadian pharmacy shop

  29. CurtisGaf

    [url=]metformin brand name usa[/url] how can i get metformin

Leave a Reply