Comments on: How to Teach Kids about Money

By: Susan D.

Susan D. — Wed, 30 Sep 2009 19:21:46 +0000

My husband and I are on the apex of this mountain right now. We bought our daughter a used car, she just graduated from college and landed her first “real job”. One week later, she demolished the car. We now have the car debt in our laps and she still needs a car. We know she can stand on her own soon she just needs to get over this hurdle. How far do we go? My son (20 yrs old) lives at home and does nothing…Do we “kick” him out, or help him too?? It’s complicated…

By: Neal

Neal — Thu, 30 Jul 2009 18:53:49 +0000

Val……I wish you were wrong…but you right.

I agree that now is he time to push Isy’s son out of the nest…

Better late than never.

By: Val

Val — Wed, 29 Jul 2009 22:28:03 +0000

I think Mr. Isy needs to explain the following to his son…
Dear Son,
I can no longer enable your lifestyle.
Love,
Dad

Truth be told Isy needed to clean it up years ago, he didn’t and he is now reaping what he sowed. It is kind of sad, because we all want to do right by our kids, and sometimes the right thing can also be the hardest thing. I wonder if his son would support his dad financially if his dad came to the point in his life he did not have enough $$ to live off?

By: karyn

karyn — Mon, 22 Jun 2009 18:42:44 +0000

In the son’s defense, he might not be asking for money and he might be assuming that his father is in good financial shape. Maybe Isy hands out cash periodically as “presents” – at least I have heard of this happening to other people! Isy might have to have a truthfully discussion with his son – which he should do anyhow since a child should have some idea of how their parents are doing since the child will have to care for the parents one day.

By: Neal Frankle

Neal Frankle — Mon, 22 Jun 2009 18:13:00 +0000

I think you make a strong argument Karyn. Certainly, Isy has a responsibility to communicate directly and honestly with his son….

Thanks