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Talking About Your Parents' Finances w/ Cameron Huddleston

Talking About Your Parents' Finances w/ Cameron Huddleston

FromFrugal Friends Podcast


Talking About Your Parents' Finances w/ Cameron Huddleston

FromFrugal Friends Podcast

ratings:
Length:
64 minutes
Released:
Jun 28, 2019
Format:
Podcast episode

Description

Many of us have never considered approaching this topic of finances with our parents, and for those who have, it can still make us want to run for the hills! It's the second most potentially awkward and dreaded conversation right next to 'the talk' you received as an adolescent, but no less important! Thankfully, we have Cameron Huddleston, personal finance expert + author, on the show to discuss how to have these crucial conversations and the importance of opening this dialogue before it's too late. Cameron shares her own insight and experience, and even some cautionary tales to motivate us to do the hard, but valuable thing!

Sponsors:

This one’s not a sponsor but an amazing deal and every purchase supports the show. The Master Your Money Super Bundle is a collection of 45 courses, ebooks, printables and videos to help you do better in all areas of your money. Whether that’s budgeting, paying off debt, investing, making more money, whatever. The bundle has over $1200 worth of resources in it but you can get it for less than $50 when you visit frugalfriendspodcast.com/masteryourmoneyMaster Your Money Super Bundle:

They're excellent when they involve bread or laughter, but not when they involve steam. So don’t steamroll in conversations, or with finances - instead - slow your roll, grab some butter& eat a roll - then get on a roll with achieving your financial goals!Rolls:

Notable Notes:

We sincerely enjoyed our time chatting with Cameron on this very important, unique, and difficult topic. She had great insight and advice and we got to ask her all of the questions - including:
Why should we start this awkward conversation any earlier than we have to?
How do we approach these conversations in love and respect?
What should we do if one or both of our parents won’t open up?
What’s some of the important information we should look to obtain? 

BILL OF THE WEEK - Thanks Cameron for sharing your bill with us!
If you want to submit your bill of the week visit frugalfriendspodcast.com/bill to leave us a bill

Lightning Round
When we see parents blowing through money or not being responsible with it but refuse to change, what do we do in that scenario?
Avoid criticism 
Share tips that have worked for YOU
Prepare financially to support OR prepare emotionally to say ‘no’ to financial support
If we have siblings, how can we get them involved in this process?
Have conversation
Accountability - send updates to siblings
Share the burden - if you handle bills - let siblings do care-giving
Do you have any tips for young parents on creating safety for these conversations with our own children?
Beginning making it safe to talk about finances from a young age
Share in age appropriate ways about finances

To get more from Cameron, check out her website!

AND get Cameron's book: "Mom and Dad we Need to Talk, How to Have Essential Conversations With Your Parents About Their Finances"

Frugal Friends Book Club:

It’s June and we’re reading Digital Minimalism by Cal Newport for book club
If you want a free copy, leave us a review on iTunes or Stitcher, screenshot the review and send it to frugalfriendspodcast@gmail.com. We’ll select the winners at the end of the month.

See you next week!

See omnystudio.com/listener for privacy information.
Released:
Jun 28, 2019
Format:
Podcast episode

Titles in the series (100)

Controlling your spending is hard to do. On every episode of Frugal Friends, we'll try to help you gain a little more control on one aspect of the countless directions your money is being pulled toward through frugality and a few laughs. If you're trying to save money, spend less, adopt minimalism, pay off debt or reach financial independence, we think you'll like the show.