“Start early, be consistent, and make sure they know what their responsibilities are.”
Andy Byron, a 57-year-old financial planner with a family of five kids, says those three tips are the key to helping raise financially independent kids.
In an article written by Chris Taylor of Reuters and published on Time.com, Taylor reports on the rising number of parents in their 40s and 50s who are providing financial assistance to their adult children. In fact, in the past year, 73 percent of those parents helped their adult children out financially, according to his research.
So how can you put your kids on the path to financial success or even just sustainability? Read Taylor’s article and incorporate that advice into your parenting.