Have you had the talk with your kids… about money?
Many adults feel unprepared to broach the subject of personal finance with kids because we never received a useful financial education ourselves.
A lot of advice for parents asks you to teach kids certain financial habits, like saving, investing and dealing with debt. But this isn’t different from asking parents to teach kids the birds and the bees — if you didn’t learn it, you can’t teach it with confidence. For the details, rely on financial education resources, and don’t be afraid to learn together with your kids.
It’s not important that you be an expert in financial education. What’s important is that you start the conversation. Avoiding money talk leaves kids to draw their own conclusions, likely from incomplete information.
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