Tips for talking to your elderly parents about money and long-term care

As a parent, Cliff Robb, professor of consumer sciences at the University of Wisconsin, tries to talk about basic finances like budgeting for his kids.

Take, for example, Budgeting Basics.

“When they want something,” he said, “we talk about ‘well, if we want to do it, here’s what we can’t do, and here’s one of the things we might sacrifice.'”

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