If you have adult kids living with you, do you charge them rent?
If you are living with your parents, do you pay or contribute to household expenses?
Do you support your friends or family financially?
Are you a part of the sandwich generation?
This week, George and Shawn tackle the topic of contributing to household expenses. Nearly 1/3 of 18 - 34 year olds are living at home with mom and dad, and nearly 3/4 of them are contributing financially, according to an article on Yahoo.com - https://finance.yahoo.com/news/sure-hope-won-t-let-120000054.html
In addition, more than 20% of all americans are relying on friends or family for additional support - https://finance.yahoo.com/news/over-1-5-americans-counting-173000561.html
We talk about why these numbers are relevant, as well as when you should start talking to your kids about money, and about contributing to the household.
Let us know if you enjoy this episode and, if so, please share it with your friends!
Please also visit our sponsor, Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.
Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt
To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach
To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com, and support Shawn's Purple Stride team, MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08
Where Did All My Money Go? - Episode 428
Crowdsourcing Do's and Don'ts - Episode 427
The Biggest Trap in Real Estate Investing - Episode 426
Money Savings Tips for the Holiday - Episode 425
How Much Should You Tip? - Episode 424
The Secret to Holistic Success - Episode 423
What is Spaving? - Episode 422
The Secret To Deferring Taxes - Episode 421
Hack Stories - Episode 420
How Much Debt Do I Need to File Bankruptcy? - Episode 419
Un-Lease Your Business - Episode 418
Score Success: Crushing Debt Edition - Episode 417
Why Wellness is Financial - Episode 416
The Secret to Paying Off Six Figures of Debt - Episode 415
Convert Your Debt to Wealth - Episode 414
Tik Tok Money Hacks - Episode 413
Signs You Might Need Help - Episode 412
Debt In Different Life Stages - Episode 411
Spring Break with The Crushing Debt Podcast - Episode 410
Money Stress and Triggers - Episode 409
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