The article discusses the financial strategies employed by a couple as they transitioned to empty nesters after raising two children. They prioritized instilling financial independence in their children, encouraging them to manage their own financial responsibilities, including taking on student loans. The parents maintained their frugal lifestyle, even as their financial situation improved. They established clear agreements with their son about rent and shared responsibilities while he searched for a job, demonstrating successful communication and mutual support. This approach led to a positive outcome for their family dynamics during a transitional period.
If I had to choose just one financial decision, it would be that we maintained most of our very frugal ways as our incomes dramatically increased.
So many individuals neglect their needs as empty nesters to care for their children through rent, student loans, and other payments.
We expected our daughter to take out student loans in her name with no promise we would be able to help pay them off.
After graduation, our son sat down with us, discussed his goals and we agreed on a reasonable monthly rent, helping each other out.
Collection
[
|
...
]