New Zealand Woman’s Weekly
KIDS & MONEY
Auckland mum- of-two Jen decided to say “no more” to supporting her daughter financially when Emily turned 27.
“My husband and I had agreed to support her throughout university, but then she changed her degree part-way through and didn’t end up graduating until she was 23,” says Jen. “She struggled to find a job so we helped with rent and paid off her car loan. Even once she found work, it didn’t pay well and she had a big student loan, so we helped with that.
“Finally, it got to the stage where we were trying to save for our retirement and pay off our mortgage, but there was a large chunk of money going out of our bank account every month to hers.
“There were tears when we told her we weren’t paying for her any more and I felt awful, but she needs to be able to stand on her own two feet financially and not rely on us all the time.”