Is it smart to lend your parents money?
Although you hear lots of stories about parents supporting their grown offspring, sometimes positions are reversed and it's the kids that have to carry the load.We're not talking here about parents who fallen on hard times because of disability or ill health.
No, this is more about dealing with those who've simply made a mess of their financial lives, leaving their grown children to pick up the tab for their irresponsibility -- whether through addiction, divorce, or simply poor money skills.
What do you do when your parents ask for money? Just say no, advises money guide Dave Ramsey, otherwise you could end up subsidizing them forever.