Happy Money Management

 Money matters are very sensitive and private issue even within your family.
 But it is very important to make open atmosphere to discussing about family financial issue within your family. 
For example, you are at age 55 and your parents are still alive around age 80's. You have children and wife, and your both parents are still active. However you are worried about your parents future, financially and physically. Do they have enough money to cover medical expense, or who takes care of my parents when they become ill?  I am 55 and I worry about my job security, and I cannot afford to take care of my parents if they become sick. 
 Even you have some monies to support your parents, you want to ask them how much money or asset they have?  How they want to handle their money and assets in case they become incapable.  Some parents get mad, and hate to talk about money matter within the family, and some parents are very open to discuss.
 If you start discussing about it, your parents feel that you want to their money, but the truth is that you are planning to save your money to help your parents, and you need to  figure out how much you have to save every month to contribute you parents financially.

 You have chance to discuss with your parents, if only one time marriage, but if it is complected family structure, I guess you better not to discuss about it. Instead, suggest to see financial advisor or lawyer to discuss their financial matter.

 Happy $$ management

 






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