I’m talking to a lot of women, particularly, who are having some trying to figure out our roles when grown children, with children, have trouble with money. Let’s chat, shall we?Make your own budget- Do you have a budget, be it general or very specific and down to the penny as to what you plan to spend and where your money is supposed to go? To use a metaphor, you cannot apply an emergency oxygen mask on your child unless you are properly cared for. So please make sure you have electricity and a place to sleep before giving help to your grown children.Manage debt- Please don’t add to YOUR dent for your precious children. I know they have kids, kids who are your precious grandbabies, and that you feel like if you don’t help all of them will be ruined, but I beg you. Please don’t add to your debt for the kids.Prioritize your retirement plan – Who will take care of youâ€¦? Do you really want to move in with your daughter or daughter-in-law and the kids at their house? Can I shake you? Please prioritize your retirement planning. You are worth it. You must take care of yourself first before you ‘apply the oxygen’ to the others. What would you tell your granddaughter? Should she be advised to give all of her money away to her children and grandchildren? How will they learn, grow? Who will help them? If your regular contribution is part of their budget, why should they ever learnâ€¦after all, you’ll buy the oil and the food always. You always do.The kids- so am I saying never help?! NO!!! I am not saying that! What I am saying is that these grown children and YOU, need to get a grip. There is a limited amount of money that we all have in our budgets. There are seasons’ of life where you need to help, of course you do! You would not be a very loving family if strangers had to help because you will not, no matter what your budget. But if all you do is help, you are part of the expected cash flow and you’d better stop that now. Have a talk with them. Tell them you will contune for a month or whatever period seems good to you. Be strong. Get the kids some budgeting advice and then they’ll need to not buy so many iPads and so much eating out. Just like the rest of usâ€¦.Be strong, pookie.Marion Syversen, MBANorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Wall Street Financial Group, Inc. and Norumbega Financial are separate entities, independently owned and operated.