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Money and Finances
Reply to "Grown children--do you help them financially?"
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[quote=Anonymous][quote=Anonymous]A PP here. There is an interesting book called "The Millionaire Next Door." One thing it discusses is how you are actually crippling rather than helping them when you subsidize them. My cousin has a Starbucks card that is linked to her parents CC. When it dips too low it automatically replenishes itself from their CC. She drinks a latte daily, on her parents.[/quote] I don't think a latte a day is really supporting her. Some people are a bit too crazy about cutting-off the kids. FWIW - DH and I completely support ourselves, but my parents gave me a credit card to buy gifts every couple of months for our kids. We got to the toy store and buy presents from grandma and grandpa. It's easier than my parents buying and shipping, and the kids get what they want. They call my parents after the shopping trip to thank them. Sometimes parents just want to do nice things for their kids because they love them. Responsible adult children don't use this as a crutch. [/quote]
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