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AirTalk asks: When and how do you stop paying for your grown-up ‘kids’ bills?




When is the right time to cut off your adult kids, and what’s the best way to do it? Let us know at 866-893-5722.
When is the right time to cut off your adult kids, and what’s the best way to do it? Let us know at 866-893-5722.
Photo by Andy/athrasher via Flickr Creative Commons

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It’s a new year, and one perennial resolution for many families is to save on cash.

As a parent, that cash could come from cutting off the financial umbilical cord for your mid-20-something kids.

But when is the right time to do it, and how? Is 25-years-old too old to still have parents pay for phone and car insurance bills? If your son or daughter asks for financial help and you say “No,” does that make you mean? What’s worked for you? What’s backfired?

We speak with a personal finance expert for tips and advice on how to help young adults transition into financial independence.

Call in with your stories and questions at 866-893-5722.

Guest:

Michelle Singletary, personal finance columnist for The Washington Post; her column, “The Color of Money,” is also nationally syndicated; she tweets @SingletaryM