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Friday, November 21, 2008

What’s the best way to discuss the current economy with kids? Today on Momversation, Nataly Kogan of Work It, Mom! wants to know if you’ve talked to your children about money and the economic crisis. How do explain family “budget cuts” to your little ones? What are your tips for other families? Join the conversation by leaving a comment below or participating in our related forums:

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patchwork mommy said on...
11.24.08 at 09:46 AM |

My advice, based on no personal experience as a parent whatsoever, is to be open with your children about your family’s finances, with the understanding that it is confidential information. Growing up, I knew what my parents made and how much their mortgage was. Kids can handle that. And, I knew better than to ask for Guess jeans for Christmas. And I’ll tell you, I have never carried a balance on my credit card. :)

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