Ways to talk about lending money with your adult children

Are your adult children in need of financial support? In today’s episode of Your Money Minute, I talk through a few ways to navigate a request for assistance — or the thought you may be approached about assistance in the future.

To understand the problem, it’s important to find out first how your adult child found himself in financial need. Get an idea of whether the problem is due to the market, high costs of living, job situation — or possibly even some bad spending decisions. Also find out whether the need is temporary or ongoing.

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