How and when to quit bankrolling your adult children

You can't pay for your kids forever.

There has to be a time when parents cut their adult children off from frequent cash bailouts, says financial planner Sylvia Walker.

Walker says that boundaries of support must be established, irrespective of how wealthy parents are.

At some point, the child should be able to stand on their own to feet as an adult.

 Sylvia Walker, financial planner and marketing professional

She explains that it is important for parents to help their adult children create their own security and independence.

According to Walker, children are only meant to seek out financial assistance from parents in times of legitimate crisis.

It not just because children can't budget or spend too much money.

 Sylvia Walker, financial planner and marketing professional

She explains that parents need to instill the value of money and financial literacy in their children from a young age.

Walker spoke about budgeting, financial discipline, debt, the consequences of financial dependency and how parents can avoid enabling bad habits.

Take a listen to her expert advice:

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to help (not hinder) teens in their transition from adolescence

How to help (not hinder) teens in their transition from adolescence

Counselling psychologist Nikole Seele says teens struggle with "fitting in" during their transition from adolescence to adulthood.

There's no shame: Women get real about going through menopause

There's no shame: Women get real about going through menopause

Ageing women opened up about their experiences of menopause in order to break the stigma with clinical sexologist Dr Eve.

Fathers on the realities of being stay-at-home dads

Fathers on the realities of being stay-at-home dads

More men are opting to stay at home with their kids while their partners work, parenting coach Stephanie Dawson-Cosser explains.

Creating a 'culture' is key to making blended families work, says psychologist

Creating a 'culture' is key to making blended families work, says psychologist

Clinical psychologist Jeanie Cave says blended families can be difficult to navigate and have unique dynamics and idiosyncrasies.

How to stop sibling rivalry from poisoning your kids

How to stop sibling rivalry from poisoning your kids

Counselling psychologist Jeremy Bayer explores the factors of sibling rivalry and shares tips on how to ensure children get along.

Stay-at-home moms can be feminists too (and other powerful insights)

Stay-at-home moms can be feminists too (and other powerful insights)

Working moms are not 'better' than stay-at-home moms. Both have to make tough choices, says writer and mother Kim Norwood-Young.

How to bring the best out of your misguided kids

How to bring the best out of your misguided kids

Psychologist Jeremy Bayer explores positive reinforcement and the fine line between praise and criticism during Family Matters.

Popular articles
LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.

How we invented the modern concept of sleep

How we invented the modern concept of sleep

Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.