Talking About Money With Your Kids
Posted by Mary Caraccioli | Filed under Kids
(click on your child’s age to see their influences)
One of the best parts of my job is that I get to meet families from all over the country and see up close how children and their parents communicate about money. That experience has reinforced my belief that it is never too early to start talking to your kids about money.
The biggest mistake I see parents make – is that they put conversations about money on hold- thinking it will be better to have it once they get their own finances in order. Waiting doesn’t work. Letting your kids in on the fact that you are also learning as you go will not shrink your value in their eyes. Instead it offers you a chance to show them its OK to ask questions and to want to learn more.
Unlike the birds and the bees- there is no one “money talk” you need to have with your kids. You want to make it an ongoing conversation.
I also suggest that you take judgement out of the money conversation. Money is neither good nor evil- it is a tool that helps us function as a society. Money makes it easy for us to exchange goods and services with each other.
So start the conversation today and let me know when you hit a snag- we will work through it together.
Tags: kids and money
