Additional Coverage:
- I’ve raised my younger siblings since I was 8, and I’m ready for college. How do I keep them afloat while paying for an education? (newsbreak.com)
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For Love & Money, a Business Insider column, provides weekly solutions to readers’ relationship and finance questions. This week, we look into a reader’s dilemma about pursuing college while being the primary caregiver to his siblings, sharing advice on balancing his responsibilities and personal aspirations.
Dear For Love and Money,
I am the eldest of four siblings, with our parents struggling with addiction. I’ve played a parental role, providing meals and handling household responsibilities from a young age. As my senior year approaches, I’m considering colleges far from home, which raises concerns over my siblings’ well-being in my absence.
Though they are now older, the thought of leaving them while our parents are still unreliable is daunting. I’m unsure how to financially support them from afar, given my plans to manage college and possibly work. I need guidance on how to proceed.
Sincerely,
Worried Big Brother
Dear Big Brother,
Firstly, your strength and resilience are commendable. Despite a challenging upbringing, your dedication to your siblings and your education is truly inspiring. Recognizing your value and the importance of pursuing your dreams is crucial.
As you near adulthood, financial tools such as high-yield savings accounts could be beneficial. While you won’t be there daily, providing emergency funds can offer peace of mind.
Remember, resources are available, like school counselors and financial aid programs, to help both you and your family. Seeking scholarships and financial aid tailored to your situation is essential. Also, preparing your siblings to become more self-reliant will be beneficial as you transition to college life.
Your past has prepared you well, and the future holds great potential for you. Your ability to manage and care so profoundly at a young age positions you to achieve significant long-term success.
Cheering you on,
For Love & Money
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