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 P. Donaldson, CFP® writes and consults on the psychology of money. Her fee-only, product-free financial planning practice focuses on increasing financial self-efficacy for those seeking a financial navigator to help them make good decisions. She 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." With a fully virtual practice in Seminole, Florida, she primarily serves clients located in the Tampa, St. Petersburg, and Clearwater areas. Holly will also work with clients who are a good fit located elsewhere in the United States.

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