How To Set Money Boundaries With Family
“Some people will go into debt to give money to someone else, and that’s a huge financial mistake,” says personal finance advisor Lynette Khalfani-Cox. “You have to set firm boundaries and determine the type of help you will give and under what circumstances.” Yes, this includes siblings, children, and aging parents—all people with whom it may be especially hard (but all the more important) to set those boundaries. So, how do you stop family members from asking for money?...