BeaufortTJustice
Petty Officer 1st Class
- Joined
- Oct 8, 2009
- Messages
- 248
Re: When do children stand up on their own?????????????????
This is not what you want to hear, but it is probably too late...
Learning to live within one's means is a lesson that is best taught early in life.
My parents always told me that they would sell everything they owned to keep me breathing, but I was on my own if I got in over my head in debt or didn't save money like I should.
Best financial advice I ever got was from my father, who always preached to save for a rainy day...I lived in a nasty, dirty apt with roommates for several years when I started my career, so I could save up about 1 yrs worth of salary to have behind me. I also made sure to get into a career that offerred steady income and benefits...I'll never by "rich" in my career, but I will make enough to have a decent standard of living.
Contrast that with my brother-in-law...several years ago he made some disparaging comments about my salary, or lack thereof, when he was just out of college and looking to "get rich quick." He took a job with an insurance company for 100% commission and no benefits (for 6 or 12 months at least). His recruiter told him that after a year, he could make over 100k. After 6 months he got let go b/c he couldn't sell cold water to someone in the desert. He's lived at home since then and works various min. wage, part time gigs. He's holding out for upper management!..lol.
Obviously, if you are in a position to provide such substantial assistance, you must have some level of financial savvy...perhaps your loans should come with a financial intervention, along the lines of, "I'll loan you this money, but I want control of your finances until such a time as I feel you are ready to handle your own affairs." If she agrees, then you'll have an opportunity to work out a plan to get her back on her feet, all while knowing that her bills are being paid and hopefully heading off any other disasters.
Good luck!
Sorry for the rant, but how do we get it through their heads about being responsible and staying within your needs and saving some money for what might happen in the future...![]()
This is not what you want to hear, but it is probably too late...
Learning to live within one's means is a lesson that is best taught early in life.
My parents always told me that they would sell everything they owned to keep me breathing, but I was on my own if I got in over my head in debt or didn't save money like I should.
Best financial advice I ever got was from my father, who always preached to save for a rainy day...I lived in a nasty, dirty apt with roommates for several years when I started my career, so I could save up about 1 yrs worth of salary to have behind me. I also made sure to get into a career that offerred steady income and benefits...I'll never by "rich" in my career, but I will make enough to have a decent standard of living.
Contrast that with my brother-in-law...several years ago he made some disparaging comments about my salary, or lack thereof, when he was just out of college and looking to "get rich quick." He took a job with an insurance company for 100% commission and no benefits (for 6 or 12 months at least). His recruiter told him that after a year, he could make over 100k. After 6 months he got let go b/c he couldn't sell cold water to someone in the desert. He's lived at home since then and works various min. wage, part time gigs. He's holding out for upper management!..lol.
Obviously, if you are in a position to provide such substantial assistance, you must have some level of financial savvy...perhaps your loans should come with a financial intervention, along the lines of, "I'll loan you this money, but I want control of your finances until such a time as I feel you are ready to handle your own affairs." If she agrees, then you'll have an opportunity to work out a plan to get her back on her feet, all while knowing that her bills are being paid and hopefully heading off any other disasters.
Good luck!