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Reply to "Grown children--do you help them financially?"
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[quote=Anonymous][quote=Anonymous]My parents let my younger brother live at home after college--but he had to pay rent. If there was some short-term issue (something health-related, for example) that necessitated financial help, that would be one thing, but I wouldn't supplement my kid's income just so he could afford his own apartment. If he can't make rent on his own, he should be getting a roommate or joining a group house or something. It's good to have to live on a budget. [/quote] This. Our 23yr old son who didn't make it through college on the first go-around decided to go back. He was working full-time and took out loans to go back to school full-time as well. He just didn't have the credit score to get a car loan. We floated him a loan for a used car such that he could safely and reliably get between home, work and school. Otherwise, he lived in a group house and I know ate a lot of ramen noodles. In addition to the shirt or sweater he might have gotten for his birthday, we'll also usually give him $100. Day to day however, he is self-supporting.[/quote]
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