When the time for downsizing arrives, our children are likely candidates to be the benefactors of our boundless generosity. However, for the most part, they do not want it. With few exceptions, our kids love us but our stuff, not so much.
Through the generations, the times have changed. When many of us were young, we married early, bought a modest home and started a family. While money may have been tight, the American Dream was alive and well.
Hand-me-downs were a welcome tradition to any home. Perhaps the mindset was a remnant of the Great Depression but it worked well, and could again if, and only if, all parties are willing.
As time went by, more women entered the workforce, married later in life and had fewer children. They realized a new independence both financially and in their thinking. It trickled down to the appearance of their home and choices in lifestyle, as well.
With this in mind, begin the downsizing journey with an open heart. Ask the kids first but avoid straddling them with guilt. Giving to charity or selling things outright are all viable options. Any proceeds could be used to create meaningful and special experiences for all of your loved ones. In the end, it is cherished memories that are the true treasures that help define the fabric of a family.
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