Skip Nav
Remote Productivity: How to Stay Focused While Working From Home
6 Ways You Can Get Your Coworkers to Like You
5 Things I Wish I Knew Before Becoming a Full-Time Freelance Writer

Supporting Parents Financially

Should Successful People Financially Support Their Parents?

We were all touched when YouTube star Michelle Phan told us she has achieved her dream of making enough money so her mom doesn't have to work. Although it worked out well for them, this arrangement doesn't always have a happy ending. Sometimes, financially supporting your parents (especially when you're a huge success) can cause a lot of complications.

Leighton Meester's messy money problems with her mom recently came to light, when she accused her mother of using money meant for Leighton's brother's medical bills on plastic surgery and Botox. The Gossip Girl actress had been sending her mother $7,500 a month to cover her brother's medical care. Frustrated with the situation, Leighton decided to sue her mother for custody of her brother. However, her mom says she will sue Leighton for $3 million unless the actress agrees to provide her with $10,000 a month.

It's definitely a really noble gesture, but I can see how the situation can get ugly. I guess it's a risk people have to take when choosing to help their parents out with money issues. What do you think — should people support mom and dad if they can afford it?

Image Source: Getty
I Tracked Every Dollar I Spent For a Month — and Sh*t Got Real
Should I Buy a House?
How to Increase Income as a Writer
How to Become Financially Independent
From Our Partners
Latest Career & Finance
All the Latest From Ryan Reynolds