Just Graduated? 5 Ways To Avoid Money Fights With Mom & Dad

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New Graduate: Improve Money Relationships With Family
85% of college graduates will move back home. Avoid family conflicts about money with these tips.

3. Get to work. It's tempting to think of living at home as a vacation. It's not. Use this time to find some kind of job or get ready for graduate school. Even if you can't find your dream job or a full-time job, start working. Large gaps in your work history will be a strike against you in the long run, but holding down a job—any job—will look good on a resume and let your parents know you're serious about moving forward—and out.

4. Review your "Money Personalities." Your Money Personality is the way you think about money. If you and your parents have different Money Personalities, that can be a source of conflict. Let's say your dad is a Saver who keeps track of every dime, and you're a Spender who loves to buy the latest gadgets or keep up on fashion trends. He's likely to get uptight if you're taking long showers or ordering pizza every afternoon. Make sure you all know yours and your parents' Money Personalities, and understand how each of you deals with money to avoid daily tension and fights.

 

5. Keep the lines of communication open. Don't assume that because you set expectations a month ago, everyone is still on the same page. Touch base frequently to help everyone stay sane.

Taking these steps will lessen the pain, keep the relationships strong, and move you one step closer to the future you've always dreamed of. Make it happen!

Creators of the 5 Money Personalities™ 
The Money Couple®
Scott & Bethany Palmer

This article was originally published at . Reprinted with permission.
Article contributed by

Scott And Bethany Palmer The Money Couple

YourTango Expert Partner

The Money Couple, Scott & Bethany Palmer are parents, finance experts, authors, and regulars on national TV and radio. With 40 years of combined financial planning experience they launched The Money Couple to help couples and families improve their relationships with love and money. Scott and Bethany enjoy an active lifestyle living in Colorado with their two sons, Cole and Cade. Pre-order their NEW BOOK, The 5 Money Conversations To Have With Your Kids At Every Age and Every Stage

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Location: Colorado Springs, CO
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