How To Stop Your Gen Z Kids From Being Financially Dependent

“If you are still supporting your Gen Z baby, start to give them more autonomy,” Frances said.

Perhaps cover essentials like rent, but let them take on extras like streaming services, takeout, insurance and groceries.

“This way, they learn to prioritize and make choices based on what’s truly important — because financial independence isn’t just about making money; it’s about using it intentionally and well,” she said.

Be upfront about when and how the financial training wheels come off, Frances said.

Whether it’s covering their own phone bill by 18 or their car insurance by 20, it’s important let them know what’s coming and what’s expected, according to Frances.

“Give them meaningful responsibilities early — it’s important they learn that it’s important to spend money on both the boring and the fun things,” she explained.

“Money doesn’t come with a manual, but you can give them one!” Frances said. “Share books, apps to help them invest and track earnings, or explain the basics of credit scores.”

Frances also recommended requiring kids to generate their own money.

“Whether it’s a part-time job, a paid internship or a passion project that brings in cash, the key is encouraging them to bring in their own money into their lives,” she explained. “Balancing school and work isn’t a burden — it’s a skill that builds confidence, independence and a serious sense of pride.”

According to Frances, when kids hit financial roadblocks, don’t swoop in to save the day. Instead, ask, “What’s your plan?” Talk to them about picking up a side gig, selling something they don’t need or calling to negotiate a bill.

“It’s not that you can never help them, it’s that we want their thinking and decision making to be developing in positive ways whether you do or don’t,” she said.

Problem-solving isn’t just a financial skill, Frances explained. It’s a life skill, and it’s imperative parents help foster it.

Frances recommended sitting down with your kids and talking about what they want — a car, travel, starting a business — and how using money well supports them in those goals.

“Life costs money, and that’s okay,” she said. “When they see the connection between their dreams and their dollars, making and saving money becomes way easier — and way more fun.”