I use my financial values to set my limitations. I have three children I want to put through college debt free. So that means I can't spend wildly or with disregard.
Set up rules for when you will "give" not lend money. Never lend. My people know that I'll help with college. I'll help if they lose they job thu no fault of their own.
I've decided to keep working until my last kid is thu college.
Once you finish paying for college you could reduce your life insurance.
