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Reply to "Are you honest with your teen(s) about what it takes to maintain their current lifestyle? "
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[quote=Anonymous][quote=Anonymous]Yep. We talk about how much the average family in DC earns vs how much their private school tuition costs. They understand how privileged they are. We talk about the cost of real estate in DC. DS, who is in HS, has a better grasp of money than DD, who is in MS. Both realize that they have expensive lifestyles. I'm trying to teach them the concept of value--just because we can afford something doesn't mean we should buy it. When it makes sense to buy something expensive. Waiting for sales for things you don't need right away. Etc. [/quote] +1 I also open my budget to my HS/MS kids. I still have one in ES and she think $100 is rich.[/quote]
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