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
Canceling Student Loan Debt - Episode 379
Heroes Home Advantage - Episode 378
No Spend Challenge - Episode 377
Crushing the Credit Card Debt Cycle - Episode 376
Why Did I Receive This Letter from Freddie Mac - Episode 375
14 Steps to Financial Freedom - Episode 374
How To Delegate at a Garage Sale - Episode 373
Finance and Fitness - Episode 372
How To Win In Crushing Debt - Episode 371
Money Hacks - Episode 370
Out Of Office Notification - Episode 369
Money Grief - Episode 368
Money Schemes - Episode 367
Money Scams! - Episode 366
Constructing Success - Classic - Episode 365
Lifestyle Creep - Episode 364
Organize Your Money - Episode 363
Lease or Buy a Car? - Episode 362
Hustle & Grind is the New Stupid - Episode 361
My Landlord Died! What now? - Episode 360
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