I’m a big fan of teaching your kids about money topics. It was clear to my wife and I once we started to get our financial act together in our late thirties that as parents we needed to do a better job preparing out three children when it came to financial education.
We involved them in our financial discussion at first so they would understand the changes that would be taking place in our household as we work our way to paying off $109,000 worth of debt.
It was going to take some discipline and all three of them hearing the word “no” a little more frequently than they were use too. After the initial involvement, we began to include them in our regular money discussion, talked with them about money topic they were interested in, and as they got older educated them more on all things personal finance.
We will continue to help teach them as best we can. Having open discussion about money will hopefully foster this in the future as they begin to take on more financial responsibility. We feel like they will be better prepared in their early twenties than we ever were to deal with money.
I have interviewed several personal finance bloggers over the years and have asked them a simple question. What are you teaching (or will you teach) your kids about money? Here are ten of my favorite responses.