Reply to DD and fiancé are living way beyond their means. Do I say anything?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would have a one-time conversation with them that includes an offer to connect them with (pay for) financial advisor who can help them create a budget. If they reject the offer I'd drop it.[/quote]
why would anyone need a financial advisor to create a budget?

I have a financial advisor who manages our investments that are in the millions.  I don't look to them on how to budget. That's just what normal adults with a brain should be able to do.  I managed to save that amount by living within my means early on.

I don't understand how adults don't know how to budget.[/quote]

Wealth managers can and help with budgets, but it's more along the lines of how much money can be withdrawn while keeping the probability that you don't run out or, for the really rich, that the principal continues to grow. That's probably not useful to OP's kid [/quote]
Right.. and that's what my FA will do for us when we retire.

But, as you said, that's not where OP's DD   is at.

Budgeting is common sense.  You don't spend more than your intake, and as a responsible adult, you save for a rainy day.  That's not rocket science, but it is something that **children** need to be taught.

That should be taught BEFORE they become adults.

No wonder so many adults are in debt.

But since OP's DD didn't learn that BEFORE she became an adult, OP needs to teach that to her now. Never too late to learn.

Yes, have the convo with her.  It's responsible of both of you to not have that conversation.[/quote]

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