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Helping your adult kids

‘How can I make sure the proceeds of my trust go to those whom I wish?’
Nick Bruining avatarNick Bruining
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Here's some advice for if and when your child asks to move back in. Source: Getty
Helping your adult kids

They’re back! Here’s how to handle your child wanting to move back in

They’re back! Here’s how to handle your child wanting to move back in

You need to make sure you're financially prepared for the change.
78% of over-60s surveyed said they had helped their kids get on the property ladder
Experts

The bank of mum and dad for property: how to protect yourself when lending money to your kids

The bank of mum and dad for property: how to protect yourself when lending money to your kids

As the property market continues to boom and prices skyrocket, it is even more likely than ever you’ll get a call from your adult children asking for some financial help to buy a home.
According to the ABS’ 2015-16 Household Expenditure Survey, the largest increase in household spending was in education, which jumped by 44 per cent in six years. Source: Getty
Financial planning

5 ways you can help with your grandkids’ educational expenses

5 ways you can help with your grandkids’ educational expenses

Read this simple guide by Adnan Glinac to see if you’re picking the right option for your family.
Adult kids are still using their parents as a financial crutch. Source: Getty.
Money

Cutting off the ‘kidults’: Bank of Mum and Dad still helping but much less

Cutting off the ‘kidults’: Bank of Mum and Dad still helping but much less

According to a comparison between two surveys by Finder, parents have become slightly less generous after the pandemic.
Don't let your money be the luck of the draw. Make sure you know who it's going to by looking at their credit rating. Source: Getty.
Everyday money

Why you shouldn’t lend to or guarantor anyone without seeing their credit report

Why you shouldn’t lend to or guarantor anyone without seeing their credit report

One in five Aussies have a default on their credit file and don't know it.
Many parents sign on as guarantor to help their kids purchase property. But is it a smart financial move? Source: Getty
Helping your adult kids

Read this before you decide to go guarantor for your child

Read this before you decide to go guarantor for your child

If you're considering acting as a guarantor to help your children secure a home loan, there are several important things to consider first.
Don't let money woes ruin your happy family unit. Source: Getty.
Video

Is it better to gift or loan money to family members?

Is it better to gift or loan money to family members?

Avoid the awkwardness later down the track by simply setting out the guidelines early on.
Parents are quick to open the Bank of Mum and Dad to help their kids, but there are some questions to ask yourself before doing so. Source: Getty
Helping your adult kids

3 big questions to ask yourself before opening the Bank of Mum and Dad

3 big questions to ask yourself before opening the Bank of Mum and Dad

More young adults are leaning on their parents for financial support than ever before.
Whether you think it's necessary or not - you should be starting to think about your children's future in property. Source: Getty.
Video

Should you help your children climb the property ladder?

Should you help your children climb the property ladder?

Getting advice from family or friends who've been in the same situation can help you make a decision.
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