At some point, you should tell your kids detailed information about your finances. You don't want your adult children to worry about you. Being realistic about your finances with your grown children may relieve some worries they have.
Start With the Basics at a Young Age
Lessons should begin before age seven, he says, because research shows that money habits and attitudes are already formed by then. Once your kids are old enough to know they shouldn't be sticking pennies in their mouths, you should introduce them to coins and cash.
Here are five tips for talking to your kids about money.
5 tips to teach your young children financial responsibility
Never fight about money in front of your kids
How you think about it, how much you think your worth and how much you should make. If you come from a family that is struggling and always fighting over money, you are going to develop different perspectives on money. You may grow up to be a workaholic.
Most financial planners say it's a good idea to talk to your kids regularly about money. But you can go too far. If you're sharing too much information, or if you're getting your kids directly involved your financial problems, you're probably causing more harm than good.
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