Reasons to talk about finances with children
Money is a top reason for divorce, or so some say. But that is not really accurate. It’s not money, but proper communication about money that causes strife in relationships. Help create a better future for your child by talking about finances with them now. The more comfortable they see how you are in discussing financial issues, the more comfortable they will be with their future spouse.
Budgeting is a subject that is not even taught in school, but it is a very important tool to learn. Teach your kids how to budget, and they may gain more respect for you at the same time. Open your books to them; let them see just how much money it costs to have a house, cars, insurance, etc. It will help them to understand the sacrifices you make for their future.