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Reply to "Grown children--do you help them financially?"
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[quote=Anonymous]I echo everything that has been said about self sufficiency on this thread. For parents who can and want to help, I think it is better to help once in a while as a "surprise" rather than making it such that the young adult is counting on your help as part of their budgeting. That can be as small as slipping them $50 and a bag of groceries when you/they visit or it can be bigger like -- sorry you're having car trouble, here's $500 to get it up and running again or congrats on the new job - I am going to taking you shopping for 3 new business suits. In my 20s, I lived in a more expensive city and would always try to shop for soaps/shampoo/toiletries at Walmart when I went home. I loved it when my parents occasionally paid when we got to the check out -- left an extra $20-40 in my pocket for food, transportation etc. It is important to be responsible for all the recurring monthly bills because that's how people learn to budget and decide that while they may like a certain neighborhood, car, lunch spot etc. it is too expensive for them. Otherwise you end up in a situation where you are paying for your 20-30 something's latte daily; to them it is "free" -- so they never think about whether they should be spending $4/day or $120/month or $1440/yr on coffee.[/quote]
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