The Money Talk: Talking to Your Children About Money
By Alison Pyott
There is no single best way to talk to your children about money, but many experts agree that a series of age-appropriate conversations are better than THE one big money talk. This includes weaving money conversations and lessons into everyday life to help your children build perspective, skills, and confidence.
Children are naturally curious and perceptive. They likely are creating assumptions and making judgments about their family’s financial situation vs. their peers. Starting a series of age-appropriate money talks early in life can help them understand what they need to know in the present while preparing them for the future.