In today’s episode of Your Money Minute, I continue sharing advice on what to consider when lending money to your adult children. This can be a tricky endeavor that leaves feelings hurt and impacts your own finances — so I’m sharing advice to help you keep awkwardness at a minimum and make the most of the situation for all involved.
If you’ve decided that you are going to lend money to your adult child, it’s important to set expectations, determine guidelines and make sure all details are clear before sharing any funds. Yes, this may seem uncomfortable — but by addressing boundaries, it will help protect hurt feelings and mismeasured expectations in the end.
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