How do I talk to my parents about their money decisions?




My Next Move show

Summary: In this episode of My Next Move, Behavioral Scientist Michael Liersch leads us through the tricky waters of talking about money with your aging parents. Are they enjoying their hard-earned money and getting what they want out of it? Or, are they going a little bit crazy and spending a smidgen too much – or way too much? It’s often a sensitive subject, so remember to tread lightly. One thing that can really help is aligning with siblings before and during these conversations. Most of us don’t relish these kinds of family interactions. They’re uncomfortable, and tend to make you squirm in your chair, but they’re necessary. And when everyone puts their heads together and stays positive, it can ultimately lead to a renewed sense of trust and respect. Chances are your parents will give you some big hugs for caring.