Not Talking To Your Parents About Money
Being independent is all very good. But not talking to the rest of the family about finances can be an expensive mistake. Parents of 30-somethings might be able to share useful financial wisdom. Also, some 30-year-olds may believe that they are in line for a big inheritance or that money will be coming from their parents to help pay for their children’s college expenses. However, without actually discussing these issues, they may be setting themselves up for an unpleasant surprise.