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Avoid Money Fights: How to Talk Finances with Your Family

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KEY POINTS

Talking about finances can be tough. But having open conversations with family members about money is essential for both present and future well-being. On “Mental Breakthroughs,” host Patricia Wu and guest psychotherapist and financial advisor Lauren Jeffrey discuss common myths about inheritance, discusses challenges couples face, and shares tips for raising kids with strong money sense.

Discuss Estate Plans Early

Don’t wait until it’s too late. Talk to your family about your wishes and explain your reasoning behind financial decisions. This prevents confusion and conflict down the road.

Adult Children and Early Inheritance

Requests for early inheritance can be tricky. Consider the long-term implications for your own retirement needs before deciding to gift large sums.

Raising Money-Savvy Kids

Involve kids in age-appropriate financial discussions and decisions. Model healthy money habits as children learn more from your actions than your words.

Editorial Team
Editorial Teamhttps://mhtn.org/
At the heart of MHTN - America's pioneering 24/7 Mental Health TV Network - is our editorial team, a dynamic group of professionals united by a shared commitment to transforming the conversation around mental health. Our team is composed of seasoned journalists, mental health experts, researchers, and storytellers, each bringing a wealth of experience and a passion for advocacy.

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