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Do You Share Your Financial Details With Your Kids?

Discussion in 'Schoolgoers & Teens' started by abcd5, Aug 30, 2019.

  1. abcd5

    abcd5 Silver IL'ite

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    My ten years old wants to know about our salary, savings, etc.
    Do you share your financial details?
    If yes, at what age?
    Thanks
     
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  2. SinghManisha

    SinghManisha Platinum IL'ite

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    10 yrs is too young to give away that kind of private information.
    My plan is to wait till they are 18 yrs old at least.
    You can open a small account for him and help him understand the concept of savings etc.
     
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  3. Angela123

    Angela123 Silver IL'ite

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    I tell my kid what kind of things we can afford and cannot. I give her some examples that allows her to understand the ballpark idea of the financial situation. It is always tricky, But we always talk about money, it doesn't have to be any age. Keep it simple for them and also honest.
     
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