Reply to Do you tell your kids exactly how much you make?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes. Our 12yr old is involved in all financial planning, and is part of our monthly "state of the union" he knows how much we make, our debts, our investments, and our expenses that we track at the most tedious granular level.

I will tell you, we make just over 500k. He has been going over his Christmas list and was cringing when he told me he really wanted a laptop, but knew it was way too expensive a gift. His main list of things he wants totals about $350. He is very well grounded in what is appropriate spending and absolutely loves tracking our investments. He has been worried about our 401k performance as of late and that has caused him unnecessary worry. We do try to explain the cycles to ease his fears, but he will eventually see the cycle himself.

They had a personal finance unit at school and it was basically so far below his literacy level even he was laughing about it. I'm very confident our approach is right for  our kids.

Our 9yr old is not involved, though, he will be once he turns 12.[/quote]

I can't with this post.  Where to begin.[/quote]

It was pretty funny. Fortunately, it’s a gag. [/quote]

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