Quote Of The Week: Setting Financial Limits With Adult Kids

mommie bird helping babies“The goal of any parent is to raise a healthy, happy child and launch this young person into the world as a productive adult.

However, over the last decade, more adult children are returning to live with their parents after graduation and effectively delaying the transition into adulthood.

Some clients need to be coached on how to set financial boundaries with their adult children.  Some parents see their financial support as love and believe if they withhold it they are being “bad parents.”

Whatever the reason, it is often healthy for parents to set some financial limits on their adult children as it teaches them important skills that contribute to being financially self-sufficient.”

Kathleen Burns Kingsbury, wealth psychology expert and founder of KBK Wealth Connection, and author of several books, as quoted in Financial Planning magazine, July 23, 2013.  

 

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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