Parents Still Supporting Adult Kids? It’s Time to Cut the Cord (or at Least Tangle It Up a Bit)


Ah, the never-ending saga of parents financially supporting their adult children. It’s like a sitcom that’s been running for way too many seasons. If you're still footing the bill for your grown-up kid’s avocado toast addiction, this one’s for you. Check out the full article here: https://slate.com/advice/2024/07/parents-monetary-support-adult-personal-finance-advice.html

The Bank of Mom and Dad: Open 24/7

Parents, you’re amazing. You’ve been there through thick and thin, from diapers to diplomas. But now your “kid” is 30, and you're still covering their Spotify Premium? Time to close the Bank of Mom and Dad before they ask for a loan to fund their “artisanal” candle business.

The Not-So-Subtle Hints

  1. Cancel Their Subscriptions: Nothing says “grow up” like a sudden loss of streaming services. They'll either get a job or rediscover the joys of reading.

  2. Mysterious Wi-Fi Outages: Blame it on the router or the ghosts in the attic. Either way, they’ll have to find a coffee shop with free Wi-Fi – and maybe, just maybe, a job application.

  3. The Old Switcheroo: Swap their organic groceries for store brands. When they ask what’s up, tell them it’s all you can afford on your new “budget.”

The Heart-to-Heart (Or Something Like It)

Sit them down for a serious chat. Here’s a script to get you started: “Honey, we love you, but it’s time for you to embrace adulthood. And by adulthood, we mean paying your own phone bill.”

The Tough Love Approach

  1. Set Boundaries: Make it clear which expenses you’re willing to cover (hint: none of them). Stick to your guns, even when they break out the puppy-dog eyes.

  2. Encourage Independence: Suggest ways they can earn money. Odd jobs, freelancing, or even selling that “vintage” collection of Beanie Babies they insist will be worth millions someday.

  3. The Ultimatum: “Get a job, or we’re adopting a new child. One that’s self-sufficient and doesn’t eat all the snacks.”

The Silver Lining

Cutting the financial cord doesn’t mean cutting the emotional one. Be supportive, cheer them on, and remind them that adulting is a rite of passage – one that comes with its own rewards, like the ability to buy their own avocado toast.

Conclusion: Tough Love, Big Rewards

Parents, it’s time to let your adult kids spread their wings and fly – or at least wobble unsteadily while they figure out how to balance a budget. You’ve done your job, now it’s their turn. Just remember: tough love is still love, and one day, they’ll thank you for it (probably after they’ve paid off their student loans).

#ParentingAdvice #FunnyFinance #Adulting101 #BankOfMomAndDad #ToughLove #PersonalFinance #HumorousAdvice #CutTheCord #SlateAdvice

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1 Comments

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