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Reply to "Do you tell your kids exactly how much you make?"
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[quote=Anonymous]no.. and my HS kids have asked. I think the numbers are too big for them to put into context. We make 600k but tell them they cannot have a $50 video game or why I restrict . Actually sometimes I cannot even justify it to myself . Some times things slip. They see we give $x to church, which is roughly 10% of our income. They see how much we spent on Hamilton play and dinner out beforehand. I can see the gears spinning in my oldest' head. SHe has already asked if we are rich. We teach them how to manage money and high level percentages, like PP mentioned. They already understand our values and how we view money; and we may disclose more as they get older. Also we have a lot of relatives in rural areas. our kids have already asked why we don't just give them money, when their families cannot make ends meet. [/quote]
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