It can be extremely difficult to engage aging parents on their financial situation. Learn how to start, and continue the conversation and what is important to know.
- Most people don't like to talk about money.…This is especially true in families.…Money is not usually considered…to be acceptable dinner table conversation…and the less it gets talked about,…the more taboo it can become,…especially if your household is like so many…where debt or living paycheck to paycheck…can cause guilt or shame.…So it's no surprise that years can pass…without issues coming out into the open.…There never seems to be a good time…to bring up touchy topics…so maybe this Father's Day,…you can think about broaching a new money topic…with your dad,…regardless of what stage of life you're both in.…
These conversations can open you up…to ideas and opportunities,…or conversely, shine a light on money problems.…Here are some helpful tips…to getting the conversation started.…Find a neutral time and place to talk.…At the dinner table with the entire family around…is probably not the best place.…Find somewhere comfortable where the two of you have privacy…and if you're not physically together,…a call will do just fine.…
Skill Level Intermediate
Financial Wellness for Couples and Familieswith Amanda Clayman1h 7m Appropriate for all
Personal Finance Tips and Trickswith Jane Barratt2h 58m Appropriate for all
New This Week
Your Money Management
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