Children and financial independence

Home Page Forum Raising Financially Savvy Children Children and financial independence

This topic contains 1 reply, has 2 voices, and was last updated by  Maya Fisher-French 2 years, 10 months ago.

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  • #6675

    gfindlay
    Participant

    My children are currently studying and they still stay at home. I’m wary of them becoming permanent students. How should I ease them into financial independence and what is an appropriate age for this?

  • #6706

    We are clearly amazing parents because more and more children are happy to stay at home! I couldn’t wait to get my independence and leave home. I think it starts with having an open and honest discussion about how long you are prepared to support them. My mother was not in a position to support me in my honours degree so I worked and studied nights. Give them warning so they know what their obligations are and then carry through with it. Your retirement fund can’t support a perpetual student!

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