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Talking to adult children about money

May 9th, 2007 at 09:27 am

I am going to ask my kids DD (26 years old, but still going to college)
and DS (23-years-old, going to trade school and raising my grandchild) to start paying their car insurance and their part of our Cingular phone bill if they can.
My DH is working again (claims adjuster) but we have had to put stuff on the cc's and we are having to pay interest on them again. Yuck!!!!
We have helped our kids a lot money wise, now if they could help us out while DH gets back to bringing in some money it would be so helpful.
I am thinking of getting a second job if something doesn't change soon, but I really think I should try to get our adult children to pay their bills before their 53-year-old mother has to work a second job.
I am venting a little here, and it does feel good to get it out.
WE have a good relationship with our kids but I'm not sure how they are going to take this.
DD is working full time while going to college and DS is also working a food service job and raising his son.
I know neither one of them has a lot of extra money, but neither do I and we (hubby and I) need to be saving for retirement.
Both kids have their own student loans to pay back too.
But they have the rest of their lives to pay it back, and we are not that for away from retirement.
So, wish we luck as I talk to my kids about money.
But. it's time.

3 Responses to “Talking to adult children about money”

  1. laceshawl Says:

    Absoutely they should start learning that being an adult means paying your share and helping out people in need. As soon as I left school, with just a p/t job, but still living at home, dad required me to make a contribution to household expenses. I balked at first, but on getting out into the real world, I realised I'd had it real good at home. Hope your $ situation gets better soon.

  2. homebody Says:

    Good luck, sounds like it'a hard to say no to your kids. My two best friends and my sister are all dealing with this.

    Someone needs to write a book on how to disenage your finances from your children. You want to ease out of it and not make them fall flat on their face. DH and I blundered our way through it somehow.

  3. LuckyRobin Says:

    Gosh, I've been paying my own car insurance since I graduated from high school. I can't even imagine my folks paying for it at 26, nor would I ever have expected it. Guess your kids have been pretty lucky and hope they don't raise to much of a fuss about being responsible for their own bills.

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