Why I Wrote The Book of Mum and Dad

Rarely a day’s go by where somewhere in the media there a discussion about parents isn’t helping their children buy their first home and referencing the so called Bank of Mum and Dad.

It is now believed to be the fifth largest bank in the country, and while other banks come under scrutiny via the reasonable lending requirements, there is no such scrutiny or support for parents giving their children money.

‘The Bank of Mum and Dad. The No-Regrets Guide to Helping Your Children’ fills that space.

In simple, easy to read language it provides good advice as to how to avoid the bigger pitfalls in lending money to your children and useful suggestions as to how you can ensure your family isn’t hurt by the experience.

Importantly it provides some clever strategies in how you can provide funds for a few years and then have them returned and various simple checklists to help you decide whether you should or shouldn’t help your children financially.

If you as a parent get this right, it can be the making of your child and their efforts to achieve financial security. If you get it wrong, you might create a nasty schism within your family that could take years or decades to heal.

For the sake of $29.95, I think every parent who is thinking of helping their child buy a home, no matter how big or small, how wealthy or poor, will benefit from buying this book.