This Is SO Harmful! DebtWave “Are You a Financial Enabler” Article Reaction - EP #31

Have you ever wondered if assisting someone out financially is helpful or harmful? Can you spot the signs of financial enabling? Have you ever enabled someone financially? Have you ever been financially enabled? On Episode 31 of the HopeFilled Financial Podcast, Jay reacts to an article entitled "Are You a Financial Enabler?" from DebtWave (See link below). We would love to hear your comments on this topic!

Article Reviewed: "Are You a Financial Enabler?" from Debt Wave: https://debtwave.org/quit-enabling-bad-financial-behaviors/

In the story today, Jay shares what happened when he invited his college friends over to play Monopoly and his young sister really wanted to make friends. There may or may not have been some cheating/enabling involved (even if it was only with Monopoly Money).

The budget tip of the day is to make sure no one but you and your spouse are getting a vote in your budget. Your parents, kids, or others should not be dictating how you spend your money. Do you feel like you (and your spouse if you are married) get exclusive voting rights in your budget? Do you have family or friends who are imposing their vote onto your financial life? What is the difference between letting someone have a vote and just taking wise advice?

The listener question asks how do you balance supporting your child while still teaching them how to be independent. There is a transition from being fully dependent to completely independent (if all goes well). How do you manage this transition without stepping into undue expectations and financial enabling? If you financially enable a child, friend, or family member, are you doing so to feed the relationship? Are you trying to buy friendship?

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Music: "Take Me Higher" by Jahzzar

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