How to Have Essential Conversations With Your Parents About Their Finances ft. Cameron Huddleston – PB127

Cameron Huddleston is the author of Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances (June 2019). We’re all trying to get our finances under control, but have you ever thought about your parent’s financial situation?

In this episode, we sit down with Cameron to discuss how we can help our parents with financial issues such as retirement, long term care insurance, debt, wills, and much more. She outlines how you can have productive conversations with your parents about money. Throughout her book, Huddleston breaks down the step-by-step process of how you can approach the taboo topic. While these conversations may be awkward, there are huge consequences to not having these conversations at all, both financial and emotional.

Show Highlights:

  • Cameron’s past in journalism and her extensive experience when i t comes to covering topics relating to personal finance.
  • Some universal advice when it comes to money management, is that you need to be saving more money for retirement.
  • How to cut your spending to save more for retirement.
  • While money is a taboo topic, her book “Mom and Dad We Need to Talk” breaks down these conversations and how you can speak with your parents about their finances, retirement plans, long term care insurance, wills, and more.
  • While talking about money with your parents can fee l awkward, it’ll be much worse if you don’t have these conversations.
  • Even happy families can end up fighting and bickering over belongings if a loved one passes away without a will.
  • Speak about issues relating to long term care, legal documents, the power of acting attorney, finances, debt, retirement, etc.
  • 58% of Americans have less than $1,000 in savings, and less than 10% have long term care insurance.
  • Timing is a big component to consider when you approach your parents about money issues. Instead of talking with them around the holidays, save this conversation for the summer time. It also might be a good decision to approach this topic slowly, and schedule specific days.
  • Cameron breaks down different techniques and methods that can be used when trying to get through to reluctant parent

Key Takeaway: It can be difficult and awkward to speak to your parents about their finances, but there are huge consequences to not having these conversations. If your parents refuse to speak about these issues, you can start by approaching them respectfully, offering to help in small ways, and asking a trusted third party to get involved.

Support Cameron Huddleston:

Mentioned on This Week’s Show

Our Favorite Tools

Available exclusively to our email subscribers, see why 15-minutes can change the next 15 years with our free 15 Minute Paychecks & Balances Money Plan: Your Guide to Financial Freedom.

Debt Management

  • D.E.B.T. Free: A 4-Week Starter Kit – Get Paychecks & Balances, LLC. signature course today! This is an actionable 4-step program that will allow you to walk develop a plan for debt freedom that you’ll actually follow based on the popular book, Debt Free or Die Trying: How I Buried Myself in $30,000 in Debt and Dug My Way Out and everything we’ve learned about money and personal finance since its release.
  • SoFi – offers a full range of financial services, from personal loans to refinancing to investing. There’s something to help everyone get their money right. I’ve used SoFi twice and have nothing but good things to say about their easy to use and helpful services. Use our referral link 
    and get $100 when your loan is funded.

Break the Paycheck-to-Paycheck Cycle

  • Digit – Struggling to save money? Sign-up for Digit at to automate your way to saving hundreds or more! Digit analyzes your spending and automatically saves the perfect amount every day, so you don’t have to think about it. Read why Rich loves Digit and how much it’s already saved him.
  • Tiller – The only spreadsheet templates powered by an automatic feed of your finances directly into Google Sheets and Excel. Easily budget, track expenses. Get started here!

Side Hustles and Passive Income Streams

  • How to Start a Blog – Michelle Schroeder-Gardner is the self-made millionaire behind who credits finding her purpose and sharing her story through blog writing for her personal and financial success. With her easy-to-follow course, you can be up and running a blog in less than a day!
  • Making Sense of Affiliate Marketing – Over 50-percent of Michelle’s How I Made Over $1,500,000 In 2018 revenue comes directly from successful affiliate marketing.
  • Making Sense of Sponsored Posts – You can also quickly learn how she made her first blogging income, and how she now makes $10,000 – $20,000 a month with sponsored partnerships.

Grow Your Net Worth

Personal Capital – is an online financial advisor and personal wealth management company that helps you track and grow your net worth.

Entrepreneurs and Small Business Owners

  • We’ve tried a lot of email subscriber services. ConvertKit is the easiest and best platform.
  • Need to collect money or invoice clients? We use Square.


Get Our Newsletter!

Join our free email community to get our newsletter with actionable tips and interesting reads to help you navigate your finances and career.

No Spam. Zone. Unsubscribe at any time. Powered by ConvertKit

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.