Today’s post is somewhat of a continuation of last Monday’s post. However, this one is geared at helping family members with living expenses rather than end of life expenses. Additionally, I touch the difference between helping and enabling our loved ones.
I still stick to the basic rule that if you are convicted to help a family member financially, consider it a gift rather than a loan.
Gifts come with fewer expectations for both parties. Moreover, if you are gifting someone the money, you may be more inclined to be careful in considering how to help them.
That being said, I’ve thought of some ways, we can help family members who are struggling financially. These ideas will be more likely to make sure the money goes where it’s intended.