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I think it's a bit sad that your relationship with your children is one of 'well, you're 18 now, I've done my job. I will no longer help you.' Almost all wealth
by ameister14 9y ago
I think it's a bit sad that your relationship with your children is one of 'well, you're 18 now, I've done my job. I will no longer help you.' Almost all wealth (and almost all successful families) is created over generations by parents and children assisting each-other.
- austincheney 9y agoBefore you get all sad on me do you actually have teenage children of your own? I have watched my much younger sisters-in-law go through something like this with strung out dependency on Mom. At some point you actually have to cut the cord. It is safer the younger they are. You hope they go to college, graduate, and get a great independent job. This doesn't always happen. Like with everything else life is much easier when expectations are set early.
- murph-almighty 9y agoI have to agree with you because I'm in a similar boat. I've worked out an arrangement with my dad to pay back about half my loans interest free. The interest itself doesn't amount to much on the principal, but it's a significant chunk of money. However, because we refinanced those loans onto his home equity line, he can deduct that interest. Currently I live at home and commute 1.5-2 hours into work. I don't expect to be doing this forever, it's a 1-2 year gig to knock my debt down by overpaying as much as possible. It helps that I have a well paying job for my major/area, too. All said and done, this is not ideal for me- I'd like to live on my own and shorten my commute. But my debt is not ideal either, so I'll take what I can to reduce that, even if it means living out of my childhood bedroom.