{ "media_type": "text", "post_content": "How to help parents with financial management? Basically lack of fin know-how & large debt. Feeling overwhelmed with the amount of things that need to be done, which they rely on me for. Any tips? Ctd", "post_id": "5dcb47b0fcaaf2001aed8355", "reply_count": 15, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

How to help parents with financial management? Basically lack of fin know-how & large debt. Feeling overwhelmed with the amount of things that need to be done, which they rely on me for. Any tips? Ctd

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Damn. Sorry to hear! I have a book recommendation that might help you with this. I have implemented it for my own life but there is a section specifically for assisting family members in trouble. It might help you: I Will Teach You To Be Rich (Ramit Sethi)

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Thanks SC1. I borrowed the book from the library but that section is one or two pages long only! 😩 reading the book to see how I can pass on the learnings though (they’ll never read it themselves)

I also have a good book recommendation that may help. It’s called Old Yeller.

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Best of luck OP. Your folks are lucky to have you.

likeuplifting

Remember that their mistakes are not your burden. Do what you can but you can't do it all and in the end it's up to them.

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On top of our full time job, I’ve had to help plan and monitor their budgeting, help look into refinancing, make the phone calls with banks, etc, just to name a few. I don’t see an end to this either.

Anyone experienced in this have some tips?

I’m curious about your nationality - trying to scratch my bias itch....

Not Indian 🙂🙃🙂

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