#family-loans

[ follow ]
#financial-boundaries #wealth-alignment #financial-therapy #gen-z-finances #parental-interest-rates
Relationships
fromBusiness Insider
1 day ago

I'm a millionaire and financial therapist - but a $1,000 family loan tested me

Formalize family loans with clear repayment terms and mentally treat them as gifts to protect relationships and limit resentment while avoiding enabling harmful behavior.
fromEntrepreneur
1 month ago

U.S. Parents Charge Kids Interest on Loans. Here's How Much. | Entrepreneur

MarketBeat.com's new report, which surveyed more than 3,000 parents, found that an increasing number are charging their adult children interest on family loans. "The Bank of Mom and Dad has always been generous, but even generosity comes with boundaries," says Matt Paulson, founder of MarketBeat.com. "What's striking is that while most parents don't expect repayment - and certainly not at commercial interest rates - inflation and rising costs are starting to reshape how families think about money."
Business
[ Load more ]