-Your daughter, maxed out on credit cards, asks you to co-sign a lease.
-Your son can’t afford rent and needs to move back home.
-Your ex-daughter-in-law is laid off, losing your grandchildren’s health insurance.
-Your nephew agrees to enter an expensive addiction treatment program.
-Your older son, recently diagnosed with Adult Attention Deficit Disorder, is months behind on his mortgage payments.
Millions of parents face these dilemmas, years after they thought their children would be independent. As you extend financial assistance, how can you help a young adult become prudent and accountable?
In Trust Me, family psychologist Kenneth Kaye and his son, Nick, use the experience of Nick’s struggle with what he calls “Attention Money Disorder” to combine a no-nonsense strategy, practical advice, business wisdom, and dozens of examples. They show you step by step how to negotiate a “Deal” with your young adult, rebuilding mutual trust and nurturing the skills and habits of a self-supporting grown-up.
“I love this wonderfully practical, down-to-earth, funny, thoughtful, warm, subversive book. Subversive because those who follow the two Kayes’ advice will be better mentors, but also more financially responsible themselves. Every parent or relative who’s worried about subsidizing an adult child needs this book.”
–Joline Godfrey, Author, Raising Financially Fit Kids