How Do I Teach My Kids About Money?
Conversations about money can be awkward, but having uncomfortable talks, at age appropriate times, will set up our children's essential, lifelong skill in handling money well. Allowance is a key tool to teaching these money management skills. Money, along with politics and religion, is often considered impolite conversation to have outside of yourself & maybe (hopefully?) your spouse. How much do we spend on groceries, gas bill, or date nights? Is this car payment normal? We are often afraid, or at least reluctant, to compare any of these details… R. Paul Stevens said the proverbial fig leaf from the Garden of Eden has moved from our naked bodies to our bank accounts! Add kids into these conversations, and there is an additional layer of hesitancy: kids can be notorious loud-mouths!
