As parents, we often do whatever it takes to help our children through mental health or addiction challenges—even if it means putting our own financial wellbeing on hold. I know that firsthand.

In this episode, I’m joined by my financial educator, Jeanette MacIntosh, to have an honest conversation about the emotional impact of money, financial avoidance, and how family crises can quietly derail our financial future. Together, we explore the difficult decisions many parents face, the fine line between supporting and enabling our children, and why creating a financial plan is one of the greatest gifts we can give ourselves and our families.

I also share parts of my own journey of rebuilding after financial hardship and why facing my finances—rather than avoiding them—became an important part of my healing.

Whether you’re feeling overwhelmed by debt, struggling to make ends meet, or simply want to feel more confident about your financial future, I hope this conversation reminds you that it’s never too late to take the first step. Financial peace isn’t about having more money—it’s about creating more choices, more confidence, and less stress for the road ahead.

_________________________________

KEY TAKEAWAYS:

1. Family crisis can quietly derail your finances. When a child is struggling, parents may reduce work, use savings, cash out investments, or take on debt without fully considering the long-term impact.

2. Financial support can become enabling without clear boundaries. Helping your child should support their growth and independence, not create ongoing dependence or place your own financial stability at risk.

3. Facing your finances is the first step toward relief. A clear budget, financial plan, emergency fund, and professional guidance can help reduce stress and give your family more choices moving forward.

_________________________________

EPISODE HIGHLIGHTS: financial planning for parents, parenting through mental illness, financial stress, family finances, debt recovery, financial education, budgeting, money mindset, emotional spending, caregiving and finances, financial wellness, personal finance, life insurance, term life insurance, emergency fund, financial independence, parenting boundaries, financial literacy, mental health and money, financial needs analysis

_________________________________

⭐If this episode resonated with you, I invite you to subscribe and continue this journey with me. In future episodes, I’ll share personal reflections, practical tools, and conversations with other parents who are walking a similar path.

You don’t have to do this alone. Let’s turn the lens inward, together.

_________________________________

RESOURCES & LINKS MENTIONEDThe Psychology of Money by Morgan Housel | https://www.amazon.ca/Psychology-Money-Timeless-lessons-happiness/dp/0857197681

Janette’s Instagram | https://www.instagram.com/jeanettemacintosh/ Jeanette’s Website | https://livemore.net/c/jeanettemacintosh

_________________________________

CONNECT WITH ME

Follow on Instagram | https://www.instagram.com/heyitslisataylor/

Follow on Facebook | https://www.facebook.com/lisa.taylor.ellet/

Check out Website | https://www.glowingconfidence.com/

_________________________________

CHAPTERS

00:00 Intro
01:46 Meet Financial Advisor Jeanette McIntosh
05:32 How Family Crisis Impacts Finances
09:05 Why Every Family Needs a Financial Plan
12:23 Breaking the Fear Around Money
16:14 Debt, Life Insurance & Protecting Your Family
20:10 When Financial Help Becomes Enabling
22:26 Lisa’s Story of Setting Financial Boundaries
29:07 The Cost of Avoiding Your Finances
32:08 Getting Out of Debt, One Step at a Time
36:06 The Psychology Behind Spending
39:58 Finding Financial Peace & Hope