The next time you’re tempted to give into your child’s requests for a few extra bucks, whether its $10 or $10,000 keep in mind that enabling children can lead to dependency, which usually kills the child’s self esteem and initiative. Furthermore enabling prolongs the inevitable, and is usually seated in the guilt and obligation of the parent. Enabling can keep a parent poor, and from enjoying financial independence.
Learn more financial advice about how and when to say “no” to your kids, and what fee only financial planner Rick Kahler has to say about it, by reading an excellent article by Sheryl Nance-Nash of The Faster Times here.