Money communication at home – or lack thereof – is the topic of today’s guest post from author and thought leader, Bhaj Townsend: https://focusyourlifetip.wordpress.com/2018/06/14/we-need-more-money-nights-at-home/
Her point reminds me of the intention that must be present for families to bring up finances as a regular conversation. It works best if it is not something to be saved up until the holidays or, worse, a crisis.
Yet, talking about money in a healthy way is not a typical life skill taught in today’s families. It must be developed by both parents and children, no matter their ages.
Bhaj’s post gives one good idea – to start having a “money night.” With a little energy, it could be made into something fun.
For conversations with small children through young adults, see the Consumer Financial Protection Bureau’s “Money as You Grow” free tools: https://www.consumerfinance.gov/consumer-tools/money-as-you-grow/
For conversations between older parents and adult children, see Kathleen Burns Kingsbury’s article at PBS NewsHour: https://www.pbs.org/newshour/economy/making-sense/7-tips-for-talking-to-your-aging-parents-about-money
Or schedule a call with us to talk about your situation.