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
Crushing Adulting is Easy - Episode 349
Turkey Time! Episode 348
When Emergency Funds Run Dry - Episode 347
The Perfect Business Finance Education Class - Episode 346
Donating Your Real Estate - Episode 345
Protect Your SH...tuff - Episode 344
Happy Business, Happy Partner, Happy Life - Episode 343
Crazy About Money - Episode 342
Just Say No! - Episode 341
Overcoming Financial Trauma - Episode 340
Navigating Inflation - Episode 339
Money and Relationships - Episode 338
Good Credit Does Not Have To Equal Debt! - Episode 337
The #1 Reason People File for Bankruptcy - Episode 336
Five Money Rules - Episode 335
Finding and Keeping Happy Employees - Episode 334
Florida's Car Insurance Mistakes - Episode 333
Making Time to Crush Your Debt - Episode 332
Who Owns My House? - Episode 331
The Perfect Personal Finance Education Class - Episode 330
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