TITLE

Financial Parenting

AUTHOR(S)
Pullen, Courtney
PUB. DATE
September 2000
SOURCE
Journal of Financial Planning;Sep2000, Vol. 13 Issue 9, p54
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses several aspects of financial planning for a family where the parents had difficulty setting limits on their children's finances. The author says that a local financial planner referred a family to him, hoping that he could assist the family in preparing for a sizable inheritance. The parents were concerned about a sizable inheritance, also to come from the grandmother, that would go to the parents as well as to the children. The children had no idea of the amount. The parents wanted to help them all prepare for the inheritance and to coach the children in managing their money. The parents cared deeply about their daughter's struggle and they all fell into a trap of equating money with love. The daughter was diagnosed with depression and began psychotherapy and a mild anti-depressant. The author says that when he began to prepare for this article, his first thought was to review the developmental tasks of childhood and correlate them with various interventions related to financial parenting.
ACCESSION #
3551272

 

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