From the course: Personal Finance Tips Weekly

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Make family finances fun

Make family finances fun

From the course: Personal Finance Tips Weekly

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Make family finances fun

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- Here's the problem with personal finance, by its very nature, it's personal, singular, solo, you get it. But humans are generally not solo creatures, so our finances are often intermingled with others, and that's especially true when you're a parent. While some cultures have openness around money built into family conversations, many don't. Western cultures in particular have been infused with feelings of guilt and shame when it comes to money, and of a need for privacy when it comes to discussing it. In fact, many parents find that it's easier to tell their children that it's rude to ask about money, then it is to answer awkward questions like, how much money do we have? The result of this deflection, we now have generations of people who don't have frameworks or vocabulary to talk about money challenges or opportunities. So how do we break the cycle? First, don't answer the money question with absolutes. When your child money asks how much money you have, try saying that you have…

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