article thumbnail

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

Prairie Eco-Thrifter

Talking about money with your family is hard, especially between different generations. Many of us fear having the money discussion with our parents. Fear of angering parents. No matter how old we become, parents still command a large and powerful presence in our lives. Why is that? be nosy about what they have.

Parenting 211
article thumbnail

Money Makers: Mompreneurs - MadameNoire

Motherhood Moments

MadameNoire , an iONE Digital publication tailored to African American women, offering perspectives on lifestyle, entertainment news, parenting, health tips and more, has released the first episode of their newly launched series, ingeniously titled “Momprenuers.”

Money 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Say No When a Sibling Asks for Money

Prairie Eco-Thrifter

We are raised by parents to be nice to our brothers and sisters, to care for them and about them and to share with them – after all, they are family. Perhaps your sibling has a drug problem and wants to buy more drugs with the money. We all know that giving or lending money to a friend or relative can be a recipe for disaster.

Money 264
article thumbnail

Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

The money in the IRA can be used during your lifetime, but then can accumulate tax free while the next guy in line for it takes minimum distributions over his life. This is because the money is protected in the tax deferred (or tax free) account and it can build significantly over time. Roth IRA contributions are made post tax.

Converse 176
article thumbnail

Budgeting for Life

Prairie Eco-Thrifter

I want to ensure that they respect their surroundings and the environment , that they are kind to others, and that they are responsible about money. My parents are both in their late 70’s and my father recently was diagnosed with diabetes. Prolonging the conversation will only make things more difficult and costly in the long run.

Budgeting 201
article thumbnail

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. Is that possible?” But we must change these statistics.

article thumbnail

Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

. ” Jen presents 6 Free Financial Resources & Tools to Improve Your Finances posted at Master the Art of Saving , saying, “If youre interested in monitoring or improving your finances, then you probably dont want to be spending money to do it. Even professional bond market money managers do not beat the bond market.”

Money 133