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Here are the financial situations in which it is okay togive a grown child money and when not to.
This includes gaining access to favorable mortgage terms and avoiding costly rental payments.
He said these situations can sometimes cause anxiety and depression.
He advised focusing instead, on providing emotional support or funding for rehabilitation instead.
Providing ongoing financial support can create dependence and hinder your childs personal growth and independence.
He added that it also sets an unhealthy precedent for future requests and could strain your relationship.
Cooper emphasized the same.
Its important to be aware that giving money may encourage bad habits.
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