You’re not simply “helping” out your son with rent. But because you’ve co-signed the lease, setting this boundary won’t protect your wallet but instead bounce back on you twofold. I often recommend that people stop offering financial assistance to family members for a multitude of reasons. But this boundary is more complex than simply cutting him off because it will hurt you just as much as it will hurt him. You love your son and want him to succeed. Of course, setting financial boundaries hurts. Yet, I can’t continue to pay his rent along with all my bills. My husband and I came up with an option for him to move back to our state, which is much less expensive, and we’d still be able to help him. He doesn’t want to move. I’ve told him that next month’s rent is the last month I can pay. Why is it so hard to set financial boundaries knowing the train wreck that is going to come? And when I stop paying his rent and he gets evicted, how badly will that impact my credit? Because he didn’t have any credit or job history, I co-signed his apartment lease.Įven though he continued with his restaurant group after his externship, COVID hit, and the restaurant industry was hard hit. He was laid off, started with a new restaurant, and was laid off again. He found another job and was laid off again. I’ve helped him with rent and other expenses during his unemployed times. However, I’m tired of the financial stress. I know he is tired of it also but he’s not willing to take any type of job that’s not exactly what he wants to do. He’s frustrated and depressed and I absolutely understand. My young adult son (24) is struggling. He moved four years ago to an expensive metropolitan area with an externship in culinary. Have a question? Send it to Lillian, Athena, and Elizabeth here.
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