Money Matters: Tips for parents with adult children moving home during the pandemic

“30 % of persons are placing much less into their retirement financial savings or have stopped saving all collectively due to an grownup baby shifting dwelling, so ensure that earlier than that baby strikes dwelling that you are looking at your personal state of affairs and ensuring you are not sacrificing your future to make a state of affairs occur,” says Barry Bigelow from Nice Waters Monetary. “So be sure you’re contemplating your personal wants and setting some targets, together with a date the place perhaps the kid wants to maneuver out.”

Another ideas Bigelow gives are to make clear expectations, train monetary independence and eventually search skilled assist if wanted.