When an adult child moves back into their parent's home, money woes may be the real reason. Once home, a young person with too much debt and too little cash may start selling items, even ones that were once important to them, such as graduation gifts and other things you know they care about, Cunningham says.
5. Taking on new jobs
Debt and money woes may prompt your son or daughter to increase hours at work or take on a second job, Cunningham says.
"The child suddenly takes on a new job, or increases his or her hours at an existing job," Cunningham says. "Many academically sound young adults drop out of college because they have to go to work to service the debt load they've accumulated."
Offering help before it's too late If you notice some of the above signs and begin to suspect that financial problems are the cause, approach your young adult and offer guidance before small problems become overwhelming. Be respectful and acknowledge that your son or daughter is independent, but explain that you have overcome a tight budget in the past and may be able to provide some helpful suggestions.
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