Talking Money at Home

by Elisa Adams

Do you ever feel or remember about talking money at home?

Some people or families might regard talking money at home as a taboo or something need to be avoided from discussion while at home. I read some opinions which consider money as the symbol of bad elements however in fact talking money at home is something that we need to put in our list or the sake of financial management.

Your thoughts and values about money will reflects your behavior and the way you decide. You might happened to talk about some money problems with your family. From time to time, generations seem to accept different perspective when it comes to money and savings. Normally older people tend to save while the younger generation prefer to use spend their money on unnecessary things.

I read some quotes said that the purchase patterns often reflect the environment where the people grow up.

These money skills are not taught in schools thus parents can participate in family-oriented discussions which occurs in an informal way. Here are some ideas on how to talk about money at home.

  • Relate the discussion with the family financial situation.
  • Talk about needs and wants.
  • Prepare a family bank – a money box in where every family member can put their money into it at home.
  • Make visible examples – using real money to demonstrate could help a lot.
  • Discuss at home every week might be boring so create an informal discussion outside – park, garden or beach.

When it comes to learning about money, make sure you consider about self-taught and awareness. Make it real so your family will tend to learn more and more willing to discuss about it at home. Perhaps the question of how we can educate our kids with adequate financial knowledge can be answered.

{ 9 comments… read them below or add one }

Lucy from Free Living Trust Information May 14, 2010 at 11:44 pm

You should definitely start talking money with your kids fairly early or they are going to be lost when they get out into the real world and have bills to pay and money to budget.

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Josh Randall May 18, 2010 at 8:20 pm

EVERYONE should talk money at home.There are great lessons to be learned.

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Laura Morton May 19, 2010 at 3:03 am

Excellent idea. It is crucial that we introduce our children to the concept of money. Contrary to what they might hear, money does not grow on trees.
When my daughter was 8 years old, she wanted something, and I told her that I didn’t have much cash on me. She said, “well, just go to the machine and get some. Mom does it all the time”.
I was in shock to learn that my kid was already being programmed to get money from a machine. So I proceeded to give her a little education. I explained that you have to put money in the “machine” so that if you have an emergency, like a cool bike, you can go back to the “machine” and get the money.

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Payday Advance May 21, 2010 at 3:20 pm

I don’t think there is anything wrong with talking money at home. Actually it’s a good practice that should be encouraged.

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xander May 24, 2010 at 11:22 pm

talking money at should be a great education for kids

so they would know how hard to get it and know how to spend
it in a right way.

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granite bay lawyer May 26, 2010 at 11:25 pm

Like Kiyosaki says – get your finance IQ up by talking about it.

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Kiev apartememts May 31, 2010 at 2:57 am

Well, I think that the money are not the main thing in our lives. However they are to be talking about in the families. Otherwise there is no guarantee that your child will be able to earn money and spend them properly at the time when he or she will grow up.

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established businesses June 7, 2010 at 5:44 pm

Reading books about investments and saving money will definitely help students to make them aware of money.

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Personal Finance Software June 30, 2010 at 4:48 pm

Yes money is the nice topic to talk for and most of the people talk about it at home most of the time thanks for sharing the information hope to see more from your end……

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