Five Minute Finance

Kids and Money


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“Dad, how much money do you make?” “How much did our car cost?” “What did you pay for our house?”

Kids rarely have filters. As uncomfortable as it can be to answer questions about human sexuality, we also feel a degree of that discomfort when it comes to answering their questions about money.

This week, Matt Robison and I tackle this discussion in part I of a two part series on talking to kids about money. There is no one-size-fits-all, as you will hear in our exchange. But you will learn more about such topics as:

  • When and how to include numbers in the answers to kids’ inquiries
  • What brings your child joy based on how they choose to spend money 
  • Family values in spending
  • Conveying your financial message without the underscore of fear or guilt

You’ve probably asked – or received, if you didn’t think to ask – your pediatrician for advice regarding talking to kids about their bodies. Gaining some tips from a financial professional as well as fellow parent (i.e. me) will hopefully help you pass on your wisdom in a productive and loving manner.

Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/

Are you ready to create your ideal lifestyle? Let’s Connect.

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Five Minute FinanceBy Mike Morton, CFP®, RLP®, ChFC®

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