Kids Money

Preparing adult children for financial independence is now a critical element of parenting. Being a top Money Mentor will save big dollars and enhance your relationship.

The number of adult children living at home with their parents for “financial” reasons has never been higher. Unfortunately, these adult children become a serious financial drain on their parent’s retirement plans.

While it may sound ruthless, the solution is to cut adult kids free and plug that massive financial leak.

But you can ensure your kids thrive in their financial independence by passing on these 6 key financial lessons.

. Sweat the detail

Managing the small everyday financial decisions is where the big savings are made. So teach adult children to ask themselves two simple magic questions before paying for anything; do I really need this? And. Is this the best deal I can get for this product or service?