6 Things You Should And Shouldnt Tell Your Kids About Your

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Honesty is important, but when it comes to personal finances it's best your children don't know everything.Don’t tell young children how much you earn, especially younger kids who could end up telling all of their friends.Do explain to your kids that not every family has the same amount of money.Never tell your kids how much you pay their babysitter. It only makes the babysitter’s job more difficult.Do share and set examples of good money management, for example, if you’re saving money for their college education.Do ask them to guess the price of basic groceries when doing your weekly shop.This can be a fun learning game that helps kids develop a good sense of what things cost.Don’t tell your kids you have no money with you to buy something they want, then go and buy something else.This can make your kids question whether they can trust you or not.Instead, explain why you can’t or don’t want to buy them the item

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