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Author: PaintSpeck Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311076  
Subject: Re: Can this help establish good credit? Date: 8/19/2005 5:39 PM
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By the way, one thing to watch out for is that you want to help, which is good, but don't become an enabler of bad habits.

This has been something I have a strong opinion about. However, not everyone in my family is on board with me, so we have had mixed results over the past couple of years. Unfortunately, she is not maturing in the area of finances as quickly as we had hoped. I helped out in the early days with paying the crappy lawyer, and have not given much $$ to her since, except for occasional birthdays and stuff. No co-signing, no loans. Other family members have helped with $$, but I think they have been repaid.

Recent events have motivated me to start the tough love approach. She won't take advice or ask for help until it is too late. For the most part she is self sufficient, only occasional hiccups, due mostly to unforseen expenses (had to refill the oil at old place before moving, and dental expenses) and her lack of a savings account.
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