Topic: Family & Relationships Advice

Money is a commonly held taboo topic, like politics and religion. We just don’t feel comfortable talking about them – especially to people we care about.

It is natural to want to support your family, but the players involved can increase the financial strain. I urge you to focus first on your own financial independence and be sure not to let your parents and your children squeeze your financial future.

What I’ve found is that every situation is different, so what may work for one family, may not work for another. However, in this article, I hope to provide a framework to consider when trying to answer the question.

I’ve seen it far too many times. Clients come in distraught and overwhelmed because they’ve lost a loved one who typically acted as the family’s Chief Financial Officer.

It is imperative to talk to your kids about finances. The first step in teaching your kids about finances is modeling what you want them to learn.