Money Communication At Home

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.

Read her post here: https://focusyourlifetip.wordpress.com/2018/06/14/we-need-more-money-nights-at-home/

Other Resources:

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.

Holly Donaldson

Holly Donaldson, CFP® runs an hourly and fee-for-service financial planning practice virtually from her Tampa Bay, Florida office. She also works with clients throughout the U.S. (except Texas) interested in retirement and tax planning advice without product sales or investment management. Holly is the author of The Mindful Money Mentality: How to Find Balance in Your Financial Future (Porchview Publishing, 2013) and publisher of the award-winning monthly e-letter, "The View From the Porch."

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