How to Talk to Your Kids About Money: A Simple, Effective Strategy

Teaching Kids About Money: A Practical Guide for Parents Parents everywhere face the challenge of teaching their children about money. One couple, featured in a recent video on the HIM & HER Show, offers a valuable approach. They emphasize open communication and age-appropriate discussions, stating, "We speak positively about it." This contrasts with the common tendency to hide financial details from children. Their strategy involves incorporating a practical exercise where children list everything they want, allowing them to grasp the realities of budgeting and prioritization. The couple cites 'Wealth in Families,' a book from Harvard University, as an influence on their approach. This straightforward yet effective method provides parents with a practical framework to discuss finances with their kids, fostering financial literacy from a young age. The video's popularity suggests a widespread need for such guidance.