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5 Reasons Mature Adult Offspring Fear “The Money Talk” with their Parents

Prairie Eco-Thrifter

My spouse and I have been prying that particular conversational door open with our adult children and their spouses for several years now in our annual family meeting, but not a whisper of talk has been planned with the oldest member of our family – my spouse’s 90 year old Mom. Fear of angering parents.

Parenting 211
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Budgeting for Life

Prairie Eco-Thrifter

My parents are both in their late 70’s and my father recently was diagnosed with diabetes. In light of these recent events, I have found that I’m not only serving as the primary caregiver for my own children, but my parents as well. I’m certain that if we don’t start having these conversations now, we’ll face huge costs later on.

Budgeting 201
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Over 40 and Worried about Money? Start here!

Family Balance Sheet

” Her comment was echoed by another (in real life) conversation I was having with a different friend who is sending a child off to college this fall. The cost of college education is crushing and many parents feel compelled to assist or pay for the entire tuition. But for our own safety net, we must make our finances a priority.

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What Makes a Saver?

Prairie Eco-Thrifter

A smile or a word from a parent or teacher, seeing someone enjoying their savings, a chance combination of a happy conversation, a sun shiny day and an increased amount in the piggy bank – all may result in one child’s brain being wired towards the pleasure of saving. Included here is peer pressure. Temperament.

Making 124
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A Goal Without a Plan is Just a Wish

Family Balance Sheet

I manage the finances for our business and our family and by August 2013, I felt the weight of the situation. Sitting down with my husband to discuss our situation was one of the hardest conversations I have ever had in our marriage, but I felt so much relief getting it off my chest. My husband and I had children later in life.

Goals 100
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Sustainable Living Traits To Pass On To Your Children

Prairie Eco-Thrifter

We as parents are usually the first and primary source of their learned behavior, even as they grow into their teenage years. While your conversations and examples could encompass a wide spectrum of topics, there are many simple ideas that children can easily grasp and put into action. Our children learn by example.

Thrifty 189
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Needs vs. Wants – Which Is Which?

Prairie Eco-Thrifter

Attention, personal finance readers and gurus! Most financial literacy courses and parents in the know believe that teaching the difference between something you need and something you want is key in being able to control spending and thrive financially. You think you know the difference between a need and a want – right?

Plumbing 227