Opinion

3 big questions to ask Mom and Dad before you make a major financial commitment

Your parents may have 30 or 40 years of financial scar tissue you haven't earned yet

By Ted Jenkin Fox News

Published August 21, 2026 5:00am EDT

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At 35 years old, you might have a mortgage, two kids, a six-figure salary and an MBA degree hanging on the wall. And you still might want to call your parents before making a major financial decision.

That isn't a walk of shame. It might actually be financially savvy.

Somewhere along the way, we decided that becoming an adult meant we were supposed to have all the answers about money. By 35, you're supposed to understand investing, mortgages, taxes, insurance, retirement, college savings and how much house you can afford.

THE RICH HAVE ONE FINANCIAL HABIT MOST AMERICANS IGNORE AT THEIR PERIL

Really?

Asking your parents for financial advice is a smart move. They have more financial knowledge and scars, and they also know you better. (iStock)

You can have an MBA and still make terrible money decisions. I see people........

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