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Reply to "Do you tell your kids exactly how much you make?"
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[quote=Anonymous]not unless you want all your kids friends parents to also know your income. Our kids are in middle school and I’m shocked at what comes out of their mouths during carpools. I can’t imagine the lunch table. They still have no filter - sometimes showing off or one-upping but sometimes...just sharing with closer friends they think they can trust but that kid can’t remember to keep a secret. That said, half the information sounds incorrect but still... Like 10:28 and others, we have always made it a point to talk about money at age appropriate levels - what things cost, saving, budgeting, concepts of compound interest and retirement planning. Agree that it is important to prepare kids and not just provide them with lavish lifestyles just to chuck them off the boat upon graduation with no concept of what it means to support one’s self. I imagine sometime in HS sharing hhi. [/quote]
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