Atlanta Financial Newsroom

Fact vs. Fiction

AFA
September 25, 2017

Fiction: By letting my adult kids live with me, I’m helping them become financially independent.

Fact: There’s a fine line between providing temporary support to grown children and enabling bad habits. In offering free or cheap housing, are you setting the expectation that you’ll continue to fund a lifestyle that your children may not be able to afford on their own? To foster financial independence, consider some compromises: Charge rent or ask them to cover at least one expense (such as groceries for the household) on a consistent basis. Set boundaries and keep track of how your children spend their money–you want to help relieve the stress from crushing student loan debt, but you don’t need to finance their vacations or spa visits.

Share This:

Share on facebook
Facebook
Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on google
Google+

Identity Theft Insurance: What You Need to Know

Most likely, we know someone who has been a victim of identity theft. In 2019, 14.4 million people were victims of identity theft.1 Identity theft can happen in a number of ways – in-person, online, over email or on the phone. It usually comes out of the blue, and no matter how it occurs, identity theft affects a large number of people per year.

Read More »

Four Signs to Look For When Choosing a Physician-Friendly Advisor

According to a 2017 survey, medical school students graduate with an average student loan debt of $192,000.1 With a demanding career ahead of them, most healthcare workers could use the help of a dedicated financial professional. From tackling student loan debt to preparing for retirement, an advisor can help take the lead on managing your biggest financial goals. As you begin your search for a financial partner, consider looking out for these four signs.

Read More »

The Stock Market and the Economy Are Not the Same: A Guide to Understanding the Difference

When we think of financial health, a few things might come to mind. We may think of our own financial situation, our investments, the Dow Jones Industrial Average performance, the stock market as a whole, the economy, the country’s employment status and so on. While some aspects may be interrelated on some level, they do not necessarily move in tandem, nor do they always indicate the health of one another. 

Read More »

Coronavirus & Student Loans: What You Need to Know

As of the end of 2019, student loan debt reached $1.48 trillion in the US, with approximately 45 million borrowers across the country.  Over the course of the COVID-19 pandemic, many Americans have experienced unprecedented financial instability.  This means that for 45 million Americans, paying down student loan debt may be harder than ever before.

Read More »

Yearly Archive

Author Archive