Topic: spending money
Once you’ve decided it’s unwise to give or lend money to adult children—or grandchildren—think through how you want to communicate your decision.
Money is often equated with love. Even if this is a loving decision (e.g., you’ve determined that giving or lending them money is encouraging something unhealthy), how and when you decline is important for the future of your relationship. …
Reluctance to spend money is often one of the top barriers to getting parents the help they need. Money discussions can be uncomfortable, especially with our parents.
Our parents have worked hard. They’ve invested wisely and saved diligently. And now, when they may need it most, they refuse to spend the money they’ve saved on themselves.
This is a common dilemma for many families. A parent who needs and can benefit greatly from support in their home or by moving to a supportive living environment says “No!” to the idea.
We have worked with hundreds of families through the years in similar circumstances. By applying the tips in the blog below, you can thoughtfully open the conversation, soften their hesitation, address their concerns, and take step forward to provide your parents with the care and support they deserve: Parents Reluctant to Spend Money on Their Own Care
Still not sure how to move the conversation forward? We can help! Click here to schedule a get-acquainted call with one of our Certified Care Managers to help nudge to discussion forward.