When It's Time to Cut the Purse Strings

Are you generous to a fault? There's nothing wrong with generosity in itself. But when it gets to the point that the beneficiaries of your generosity have begun to take your kindness for granted, that's a clear sign that it's time for some lines to be drawn.However, when it's a close friend or relative, setting and keeping boundaries is harder for some than for others.

Perhaps your driving force is fear: "If I don't help, who will?"

Maybe it's pride: "I don't want them thinking I can't afford to do it."

Whatever it is that keeps your hand stretched out to those who could and should otherwise help themselves, it's unhealthy - for you AND for them.

Join us on the air as we chat with Finance Expert, Charlotte Stallings. She's here to help you gain the courage to clip the purse strings and learn the real do's and don'ts of true generosity.

Call in (646-716-6910) with your questions and comments, or share your thoughts in our LIVE chat room during the broadcast!