Reply to Ex told DC our financial arrangment

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At age 11,I personally think it’s good for the kid to understand at least at a high-level, that both parents are contributing to their expenses. I’m sure some of your concern is that it’s your ex and you’re probably biased to them making a decision separate from you.

I am not divorced. However, at a relatively young age  or so, we told our kids, for example, that the credit card we swipe is not  an unlimited pot of funds… that although dad works and mom may not that it’s not “dads house” …. That just because mom does most of the shopping that “only mom buys me things”. This is not making finances our kids issue, but making things relevant in teaching.  [/quote]

Of course I’ve discussed things at this elementary level and more. That does not mean dc needs know exactly what percentage each parent contributes and more than they need to know our salaries or what we paid for the house.[/quote]

Really? I have told my kids my salary and what we paid for the house. I think it’s good for kids to know this kind of stuff. (My salary is not particularly high, and our house was not particularly expensive.)[/quote]

+1.

I see no value in concealing these things from my kids. I think it's important for them to understand where the money comes from, what it pays for, etc. Age-appropriate answers are important, so I think it depends on what the OP's child was told.

It also depends a bit what the split is and what the incomes in question are. I have never felt concerned disclosing financial information to my daughter about her dad or me, because we live pretty normal upper middle class professional lives. Sharing my salary with DD does not give her any cause to be concerned that we won't be able to pay for the things she needs and wants. She also recognizes that neither one of us makes so much money that she can just do whatever and spend whatever she wants. It creates a realistic impression of the cost of her life. [/quote]

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