Money Confessions: My Parents Dont Trust Banks and Want Me to Hold All Their Money

Welcome back to Money Confessions, a weekly series where you tell us your deepest, darkest money secrets or hot takes. You're joined by Sim and Sonya, two best friends who have *a lot* to say.This week, Sim and Sonya discuss a listener's money confession about their family not trusting banks and storing their money in the listener's personal account due to being immigrants. Sim and Sonya suggest various solutions, including creating a separate bank account, setting up a family trust, or providing evidence of reputable banks to alleviate their family's concerns. They emphasise the importance of understanding their parents' perspectives and maintaining a balance between helping them and safeguarding their own financial interests.For more Girls That Invest:Sign up for the weekly Stock Market Tea newsletterInstagramTikTokTwitterFacebook'Til next week, team! 💖 Hosted on Acast. See acast.com/privacy for more information.