FMOOD 0058: Talk to Your Kids About Money - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.
from 2017-02-12T07:00
Do you know that it's actually healthy to talk to your kids about money? Even at a younger age, it's a good habit to get into to show your children how money works and how money is affecting you or you and your spouse.
Kids are generally perceptive. Even if you attempt to hide your money problems, your kids will know more than you think by taking clues from your comments, actions, and perceived frustration level. Rather than attempting to hide things from them, let them in on it. Let them see the sacrifices that you make to better their lives. Based on age, you can decide on the best way to talk with your kids about money, and be honest. Allow your children to ask questions, and answer them truthfully, again, according to age and maturity level.
Your children will see not only your frustrations, but they will also get to participate in your successes when you begin to reshape your financial life and get out of debt. They will get a first-row seat to witness how to handle money and finances by watching you or you and your spouse, and they will take these lessons that you teach them well into their adult years.
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