5 questions to ask when helping an older parent with money
Conversations about money often require sensitivity and patience, especially when the person across the table is an older parent
By JAE BRATTON of NerdWallet
Published - Apr 10, 2024, 07:05 AM ET
Last Updated - Apr 10, 2024, 07:05 AM EDT
Conversations about money often require sensitivity and patience, especially when the person across the table is an older parent.
Some of us won’t need — or want — to get involved in someone else’s finances. But others may have to take an active role in helping an older parent manage their money. If that’s the case for you, don’t neglect a discussion about credit. Good credit matters throughout life, so any conversation you have with a parent should focus on building and maintaining healthy credit.
Here are five credit-related questions to ask older parents if you don’t know where to begin.
1. WHAT’S YOUR CREDIT SCORE?