Parents with Adult Children

Our work together includes:   

  • Personal Money Minder Software Mentoring –
  • Melody Beattie’s book Codependent No More
  • Access to a confidential Q & A money coaching group on Facebook
  • Optional: monthly phone check-ins with the parent
  • Optional: session summary emails
  • Optional: family counseling sessions
  • A myriad of tools including Monthly and Annual Spending Plans & Summaries, a Periodic Calendar for anticipated non-monthly expenses, a Debt Repayment Plan (if needed), a Needs & Wants/Desires Assessment, an Action Plan and a Net Worth Statement. In addition, your adult child will practice using a Personal Money Practice, Money Affirmations, Money Autobiography, Values Clarification, Earning Ceiling Meditation, Debt & Savings Pyramids, Spending Journal, Life-Energy Number, Holiday Planner, and a Work History Inventory.

Is your adult child partially or wholly financially dependent on you? The money coaching process provides a personal finance education, empowerment and accountability. Outsourcing the unique combination of financial planning and financial therapy allows the supporting parent to let go. Consistent money coaching appointments help to repair relationships and restore trust between generations. Committing to financial wellness for your son or daughter cultivates peaceful family dynamics and financially independent adult children.

We will cover:

  • Setting goals for what your adult child wants to accomplish and address in his/her financial life
  • Opening safe lines of communication about money
  • Letting go of “Money Fog” – avoidance and fear of money
  • Practicing financial awareness on a daily basis
  • Reviewing self-care routines
  • Creating and maintaining a flexible monthly spending plan (a.k.a. budget)
  • Developing a debt repayment plan, if needed
  • Addressing entitlement and affluenza, if needed
  • Saving for periodic expenses, a safety net, and investments
  • Family history
  • Laying the foundation for a long-term financial plan
  • Having a sense of control, freedom and peace of mind about money
  • Designing a personal vision for a financially balanced lifestyle
  • Analyzing current employment and income strategies
  • Mastering financial tools and distinctions