When it comes to money conversations with your family, a child asking a parent for financial support can be awkward, but expected. Flip the script, however, and it can be a fraught discussion.
Tagged With family finance
Today we're tackling a pressing personal finance question by asking a handful of money experts for their advice.
Talking to spouses about their money habits, curbing impulse spending and budgeting are difficult topics to broach. This question, from Anonymous, hits a lot of notes others can relate to.
Our parents are our first and, for better or or worse, most influential teachers. They instill in us our values, expose us to their ideas and politics, and shape who we become.
One of the first things I did after my first job offer was call my parents. I ran through the pros and cons, expounded on how it would help my career and marveled at the thought that I'd somehow landed a full time job in journalism, with benefits and everything. It seemed too good to be true.
Life happens. One minute you're coasting towards graduation, ready to take on the world. The next, you've lost your job or haven't been able to find one in your field and you can't afford the rent any more. If you're lucky, your parents are both willing and able to let you move back in and regroup before you go back out into the world to live on your own.
