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Anonymous

06 Jun 2025

General Investing

How should we go forward when my brother isn’t managing his money well, and my parents have to step in?

I've got a younger brother in his late 20s and he is currently in a contract role (quite stable, but still, contract). He doesn't have much interest in anything other than gaming and because of that, my parents have to step in and ask him to transfer money to them in fear of him overspending on game.

However, my parents are not too financially savvy as well and the money is just getting minimal returns in the bank.

While this arrangement has been working for now, I know it can’t go on forever. Considering the opportunity cost of the money being the bank and my parents will not be able to manage his money for life. I tried to convince my mother to let him have a chance to manage his own money but things didn't go too well because money talk is sensitive...

Has anyone faced something similar? How do we guide someone in their late 20s to take ownership of their finances without it becoming a family conflict?

Thank you!

Discussion (11)

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Have a good talk with him if you want to help.

Early 20s to late mid 30s, I used to spend a lot on gaming, mid 30s on, I start to realiase the importance of saving, and now I've aggressively do investment into s&p 500 etf using dollar cost averaging. sadly if I were to invest much early, I wouldn't have to do it aggressive so late. And my emergency fund is only at 4 digit.. my advice is better to talk to your bro now rather than letting him realise the importance of saving/investin..

Maybe your brother needs a financial talk on how to manage his money first:)...

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