How Do You Talk to Your Kids About Money?
Plus: Is yelling at your kids as bad as hitting them?
Right now I’m researching my chapter on teaching kids financial literacy — which I’m learning is hugely important, by the way. The science is fascinating. For instance, some research suggests that kids from more well-to-do families feel less confident about money management than kids from less well-to-do families, perhaps because wealthier parents consider money a more “taboo” topic. There are worrying gender differences, too, in that parents tend to talk about money to boys more than they do girls, which sets boys up to be better at money management as adults.
For today’s thread I’d like to hear more about how you’ve talked to your kids about money — what has worked and what hasn’t. (Funny anecdotes always welcome.) Because it’s a tricky topic! We don’t want our kids blabbling to their friends about our annual income or how much money we spent on a house or vacation. At the same time, we know financial conversations are important to have with kids, and that sharing details can be helpful. How do you handle it? Or not handle it? Share in the comments!
Is Yelling At Your Kids as Harmful as Physical Abuse?
And now for this week’s
I’m commenting on this Instagram post from peaceandparenting, which has more than 8,000 likes. It’s a series of images; I’m sharing the first two:
Here are my thoughts.