By setting an example through your own behaviors, you've been teaching your kids financial lessons throughout their lives. It's important to clarify and reinforce those lessons with a focused conversation before your children enter college. It's not always easy to talk with your kids about money. But by preparing yourself, you can help make the conversation a good one. You can bet your children will be interested.
Young people view managing money as a symbol of maturity and independence.
Discussing personal finance with them shows that you see them as responsible young adults. To help ensure a successful conversation, keep these tips in mind. Approach the discussion with a positive attitude. Set a tone of confidence, openness and trust. Laughter always helps.