Economy and Kids!

Privacy Issues

Every parent has a family horror story about children repeating in public something they heard at home. Before you begin talking about your family’s finances, stress to your child that such information is private. In addition, explain that not everybody has the same amount of money. The financial circumstances of your family may vary greatly from those of your child’s friends. Some friends will have more, others less. Encourage your child to be sensitive to these differences and only discuss money in general terms. Let your child know that it’s not OK to make judgements about others based on their financial circumstances.

Helping your child understand money requires some time and effort, but it can be a rewarding responsibility— one that enhances his or her chances for success. Each family has its own set of values and opportunities. Select the financial lessons you want to share, and help set your child on the path to future financial security.