Financially Helping Your Adult Children

Peter Crawford — Tue, 11 Apr 2023 16:40:40 +0000

It is never too late for parents to begin teaching their children about finances, particularly God’s principles of handling money.

If parents find that their grown children are having financial difficulties, this may be a good opportunity to help them get good counsel. Financially helping your adult children should be contingent on them establishing a workable budget and seeking advice on how implement it.

Parents usually have the greatest motives for helping their children, but financial help sometimes may encourage them to be dependent on the parents rather than on God. If God is trying to teach the children discipline and parents step in, the children may have to go through it all over again.

There is nothing wrong with helping adult children if they are truly in need. If their income is adequate and it is being mismanaged they need to learn how to manage their finances more wisely.

Parents can have a major impact on the fortunes of their children by assisting them with the purchase of a home. Often times the children can make payments a mortgage loan requires, but they have difficulty meeting the down payment and the many costs involved with house purchase.

A way for parents to help their children purchase a home is to give them money toward the deposit. Most banks demand that this help be in the form of a gift, not a loan. Helping your children pay their mortgage off more quickly may save them thousands of dollars and is a great investment opportunity if parents have surplus funds available. Interest rates are higher if the purchaser has less than a 20% deposit.

Parents will however need wisdom and discernment. There is nothing unscriptural about helping adult children purchase homes, but parents have to weigh the personalities, abilities, and attitudes of their children to ensure that they do not spoil the children. It is optimal for every family to have a debt-free home; so, helping adult children purchase a home can be a great blessing to them if it enables them to become debt free more quickly.

It is important to be sure that they are not trying to control their children’s lives. If the adult child is a married daughter, parents should be careful not to usurp her husband’s authority. If stepping in will cause the son-in-law to feel that he is an inadequate provider, then parents may need to back away.

They key to helping our children financially is finding ways of helping them to become financially free, since budget stress can be a major factor in marriage breakdown. While caution is required, financial help now may be much better than a larger inheritance later. Plenty to think and pray about.

There is nothing wrong with helping adult children if they are truly in need. If their income is adequate and it is being mismanaged they need to learn how to manage their finances more wisely.

How To Live A Fulfilled Life

Peter Crawford — Tue, 31 Jul 2018 21:12:23 +0000

We all want to live a fulfilled life, and seek to achieve it in different ways.

Many try to make lots of money, others want to be famous, some want to have political power, some just want to be left alone and have a quiet place to do their own thing. But all of these fall short of being truly fulfilling. Living a fulfilled life is not achieved through self-fulfilment.

Albert Schweitzer, the famous doctor said, “Do something for somebody every day for which you do not get paid.”

In Ephesians 4, Paul tells us that our fulfilment comes when we are prepared for “works of service”. That is how we attain to the whole measure of fullness of Christ.

So let me ask you, whom are you serving?

Are you serving your husband, your wife, your children, your boss, your family, your neighbour or others in your church? If so, don’t begrudge this as a burden. You are actually blessed. These are opportunities for you to grow and experience the joy and satisfaction of life. Jesus himself said that he did not come to be served but to serve. He fulfilled His purpose on earth in the same way. In fact, when asked who was the greatest among the disciples, Jesus made it clear that was the one who serves.

So today, thank God for all those you are called upon to serve. They are giving you the privilege of being filled to the full measure of Christ. Show appreciation for them. Thank God for them, and serve your heart out. In the end, you will experience true self-fulfilment and the rewards of a life well lived.

Service – Crown Financial Ministries New Zealand

Financially Helping Your Adult Children

It is never too late for parents to begin teaching their children about finances, particularly God’s principles of handling money.

If parents find that their grown children are having financial difficulties, this may be a good opportunity to help them get good counsel. Financially helping your adult children should be contingent on them establishing a workable budget and seeking advice on how implement it.

There is nothing wrong with helping adult children if they are truly in need. If their income is adequate and it is being mismanaged they need to learn how to manage their finances more wisely.

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How To Live A Fulfilled Life

We all want to live a fulfilled life, and seek to achieve it in different ways.

Many try to make lots of money, others want to be famous, some want to have political power, some just want to be left alone and have a quiet place to do their own thing. But all of these fall short of being truly fulfilling. Living a fulfilled life is not achieved through self-fulfilment.

Albert Schweitzer, the famous doctor said, “Do something for somebody every day for which you do not get paid.”

In Ephesians 4, Paul tells us that our fulfilment comes when we are prepared for “works of service”. That is how we attain to the whole measure of fullness of Christ.

So let me ask you, whom are you serving?

Filter