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Adult Children

Help! My Parents are Overspending!

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By Gerri Detweiler

It’s been decades since your parents taught you about spending and saving, and now their behavior makes you wonder if they’ve forgotten everything they taught you. And yet they might see your questioning as an intrusion. What’s a perplexed adult child to do?

Financial planner Keith Klein, of Turning Pointe Financial Management in Phoenix, says he’s seen it before, and most changes in spending can be traced to one of two things. The happier one is a “bout of euphoria.”

 

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