Financially savvy 23-year-old has $250K saved, refuses to spend, seen as positive for future financial success.

From Yahoo Finance: 2025-05-18 18:30:00

Julie, a listener of “Suze Orman’s Women & Money” podcast, sought advice on her 23-year-old daughter, who has saved over $250,000 in investments but refuses to spend money. Her daughter’s reluctance to pay for dates or family outings has left Julie wondering if she created a financial monster. Despite her daughter’s frugality, Suze Orman sees her as a money-savvy individual on the path to financial success. Orman suggests Julie stop matching her daughter’s Roth IRA contributions to encourage financial independence and differentiate between earned and gifted money. Ultimately, teaching kids to save can lead to unexpected frugality at the dinner table, but it’s a positive financial habit for the future.



Read more at Yahoo Finance: ‘Did We Create A Monster?’ 23-Year-Old Daughter Has $250K Saved But Refuses To Pay For Dates Or Family Outings