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Tag Archives | Money and family

When Parents Can’t Say No: Financial Enabling

“Pleeeeeze?” Your nine-year-old daughter has spent her allowance but is begging you to buy her a toy she “just has to have.” “I really will pay you back this time. I promise.” Your 30-something son, despite a history of non-payment that would make a banker flinch, is asking for another loan to get him out […]

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How to Help Grandkids Pay for College

One financial goal held by many of my clients is to help pay for their grandkids’ education. This generosity can foster gratitude and family closeness. Unfortunately, it can also foster resentment and family misunderstandings. Here are some suggestions for helping with grandchildren’s college expenses in positive and supportive ways: 1. Be fair. This doesn’t necessarily […]

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How Much Money Do You Make, Mom and Dad?

Do your kids know how much money you make? If not, and they asked, would you feel comfortable telling them? My hunch is that the most common answer to both these questions is “No.” Talking about money is such a strong taboo that it often keeps us from sharing information about our earnings and net […]

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Are Daughters a Better “Investment” Than Sons?

As Father’s Day passes, a new survey from the online account aggregation firm Yodlee.com and Harris Interactive tells us that the financial relationship between fathers (and parents) can be very different for their sons vs. their daughters. The survey found that an astonishing 75% of young adult men (age 18-34) are receiving financial aid from […]

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More on Money and Marriage

To marry or not to marry? This isn’t a decision to make on financial grounds, but the choice certainly has financial consequences. My column a few weeks ago about laws that provide financial incentives not to marry drew a great many comments. The points several commenters made are included in this follow-up. The example I […]

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