By Byron Moore, posted August 6, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, August 5, 2018.
Last week we took a depressive look at the end-game of runaway financial co-dependence between parents and adult children.
I promised we would follow up with some strategies you can use at every stage of life to prepare parent and child alike for the financial separation that should come with adulthood.
As a parent, you should have a lifetime goal of helping your children learn the twin concepts of freedom of choice and freedom from consequences.
As parents, we spend much of our time in a child’s early years simply protecting them from consequences they have no capacity to comprehend. We do not let them play in the street, ride in the car standing up, talk to strangers, touch the hot stove or stay up as late as they want to.