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That often meansspending money.
The cost of parenting in the U.S. is outrageous.
Well, that isnt as likely as youd think.
What do you do if your adult child is asking for financial help?
But remember, a lot of this is instinctual and not logical.
Communication is important here; so is getting to the root cause of why theyre experiencing financial hardship.
Experts stress the importance of assessing the why behind the request, Ambrose said.
These arewildly different typesof scenarios.
One indicates a one-time, bad-luck situation.
This will not only potentially hurt you financially, it will prevent your kid from becoming a true adult.
Regular bailouts might prevent your adult child from developing money management skills and building financial independence.
This sets expectations and prevents future misunderstandings.
And that you do it in writing, like you would any other formal agreement.
In addition, many financial experts suggest using this opportunity to teach your child important lessons about money.
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