What are your thoughts on discussing finances with young adults in the house? @Rihana mentioned that they have documented to dos if a situation arises when a young adult needs to take over(i.e; parents aren’t around anymore) and have discussed with the kids. I've been mulling over it since I read it. I agree with this thought process. Love the idea of creating a spreadsheet for the kids with to dos right after, a month later etc. I have reservations about discussing this in depth with the kid at this stage. I really don't want the young adult in question figuring out our current finances. My DH doesn’t opine one way or another. Basically he will go with what I decide. Which is to say, the entire burden of figuring this out is mine. I do want my DD to be able to go through this maze for herself and her sibling if a situation arises where both of us pass away. I am thinking of what to do to make it easy for her. Would you discuss your net worth and asset division with youngsters? I don’t know if that’s something that we need to do now. We have told her something in the lines of paying for a college degree and maybe a master’s degree(if she enrolls right after undergrad) and then she is own her own. We haven’t given her any other details. She doesn’t know there are wills and where they are. She doesn’t know what is where in terms of assets. We haven’t written it down anywhere except for in the wills. What do you all suggest we do as parents to help DD make financial decisions? A follow up question is also relevant here. What other things do you recommend for young adults to become financially savvy? Any courses/classes that we can enroll her in? I was thinking of getting a money market account for her to learn a little but if there is a structured approach, I'd love to follow it. @Rihana, thanks for bringing this up. Without your quoted posts above, I wouldn't have started thinking about this very important topic. Time has a tendency to fly and I am one of those procrastinators.