Parents Supporting Adult Children?

How does that grab you? If you noticed this, maybe it’s because you are one of millions of older parents out there today, that are still supporting your adult child or children. Hey, they’ve been through college. They’ve gotten that position with a fairly good company. Maybe it’s not their final goal in that career they wanted, but it’s a start. And the expectations of the salary they thought would be guaranteed, well it’s not that great. Now, almost right away, the new car came into the picture. The cell phone and cable TV… well, they are real needs, maybe more than food. The rent at their apartment keeps going up. Many other expenses keep popping up. The student loan …

Let the Teens Manage Their Money

The teens want to have their own money. Teens want to have discretionary funds they can use without their parents poking at them and auditing all their cents. If the parents would let their teenagers manage their own money, they should be ready to give them advises on money management such as budgeting and fund management. In this way, they can be sure that their teens will not just squander their money on less important things. The following may help the teens manage their money: Teach the teens to save Encourage the teens to open a savings account to deposit their earnings. Even just a few dollars a week will be good enough. If their parents are giving them allowances, …