Broke Millennial Talks Money: Scripts, Stories, and Advice to Navigate Awkward Financial Conversations by Erin Lowry
Author:Erin Lowry [Lowry, Erin]
Language: eng
Format: epub
Tags: finance, self help
ISBN: 9780525505440
Google: eKbiDwAAQBAJ
Amazon: 0143133659
Publisher: Penguin
Published: 2020-12-29T05:00:00+00:00
While itâs ideal to be able to support your parents, siblings, or other extended family if thatâs what you choose, Ohikuare points out that you canât give what you donât have. You shouldnât put your own financial security at risk in order to support a family member.
However, she acknowledges that most people are not going to let their family members flounder or drown under crushing financial obligations. Itâs more about setting boundaries and understanding your other obligations, such as to a spouse or child. Thereâs also a fine line between supporting your parents and your parentsâ taking advantage of you and feeing entitled to your money.
âIt can be a free-for-all,â says Ohikuare. âSo, there has to be some sort of system.â
She advises that you ask yourself the following questions:
Can you give?
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