000-017   000-080   000-089   000-104   000-105   000-106   070-461   100-101   100-105  , 100-105  , 101   101-400   102-400   1V0-601   1Y0-201   1Z0-051   1Z0-060   1Z0-061   1Z0-144   1z0-434   1Z0-803   1Z0-804   1z0-808   200-101   200-120   200-125  , 200-125  , 200-310   200-355   210-060   210-065   210-260   220-801   220-802   220-901   220-902   2V0-620   2V0-621   2V0-621D   300-070   300-075   300-101   300-115   300-135   3002   300-206   300-208   300-209   300-320   350-001   350-018   350-029   350-030   350-050   350-060   350-080   352-001   400-051   400-101   400-201   500-260   640-692   640-911   640-916   642-732   642-999   700-501   70-177   70-178   70-243   70-246   70-270   70-346   70-347   70-410   70-411   70-412   70-413   70-417   70-461   70-462   70-463   70-480   70-483   70-486   70-487   70-488   70-532   70-533   70-534   70-980   74-678   810-403   9A0-385   9L0-012   9L0-066   ADM-201   AWS-SYSOPS   C_TFIN52_66   c2010-652   c2010-657   CAP   CAS-002   CCA-500   CISM   CISSP   CRISC   EX200   EX300   HP0-S42   ICBB   ICGB   ITILFND   JK0-022   JN0-102   JN0-360   LX0-103   LX0-104   M70-101   MB2-704   MB2-707   MB5-705   MB6-703   N10-006   NS0-157   NSE4   OG0-091   OG0-093   PEGACPBA71V1   PMP   PR000041   SSCP   SY0-401   VCP550   000-080   1Z0-051   300-208   350-029   102-400   1z0-434   220-801   70-347   1Z0-804   210-260   640-911   300-135   NSE4   EX200   070-461   70-534   700-501   9L0-012   MB6-703   400-101   70-480   M70-101   SY0-401   PMP   1Z0-061   9A0-385   642-732   000-017   9L0-066   JN0-102   1Z0-061   70-411   1V0-601   300-206   400-051   MB2-707   640-692   101   70-346   CISSP   HP0-S42   PR000041   PMP   300-075   200-125  , 300-135   CCA-500   2V0-620   CISM   OG0-093  

Using the Grandchild for Money – Greater Pensacola Parents

Using the Grandchild for Money

Reader Question: My wife and I have been helping our adopted daughter financially for some time. She’s 25, has been married for three years, and we don’t see this cycle stopping anytime soon. The worst part is, they will often throw in that our grandchild will go without something unless we help. We’re certain this isn’t teaching them to stand on their own feet, but we don’t know what else to do.

 You’re right about one thing. It’s time they both learned how to handle money like mature, responsible adults. I don’t know how much your tried to teach her about finances when she was growing up, but it sounds like this “needing help” thing is turning into an endless cycle.

You’re giving them money left and right, and it’s not working. You’re giving them fish, and you’ve heard that whole saying. You could also teach them to fish and then not give them any fish, but I like a third choice in this scenario – give them fish only if they take fishing lessons. They get no more money from you unless they get financial counseling together and make a serious move toward straightening up their lives.

If they try to play on your feelings by saying your grandchild is hungry, tell them to send the child over for a meal. If they run out of money until payday, tell them to go to their financial counseling session to find answers. Right now, every time they have a problem they call mom and dad. Guess what? They don’t have any problems as long as you’re doing what you’re doing.

Love them well. Hold their hands and say, “When I was your age, I wish someone had done this for me. I’m not going to give you any more money unless you go to financial counseling sessions regularly and together. If you do this, turn in a budget to us and let us coach you on how to be adults and handle your own money well, we’ll help and set up a matching system. If you don’t do the matching part though, you won’t see anything from us.”

They’ve figured out if they hold your feet to the fire when it comes to this grandbaby, you’re going to open the wallet. They’re playing you right now, and it’s not to their benefit – or yours!

Dave Ramsey

Dave is the author of The New York Times best-selling book Financial Peace. He is also the host of the nationally syndicated The Dave Ramsey Show, and is a regular guest on television. All of his financial counseling is based on biblical truths. You can hear Dave from 9 a.m. to 11 a.m., weekdays online at www.daveramsey.com. Send your questions toaskdave@daveramsey.com. He resides with his wife Sharon and their three children, Denise, Rachel, and Daniel, in Nashville, Tennessee.