“But mommy…just go to the ATM and get some money.”
Sound familiar? We might laugh, but the truth is…kids really do think that’s where money comes from because that’s where they see us get it from. But what do you say when you’re out of money temporarily and you CAN’T go get money from the bank; you have to wait until the next paycheck to actually have money again?
Well, why not tell the truth? Why do we feel so bad about not knowing how to manage our money when really…most people are never taught how when they are young…in school or at home.
Let’s not just tell the truth, though. Let’s take it one step further…let’s open up the conversation about money while our children our young. Let them learn about it slowly, over time, as topics come up. This means, of course, that you must talk to them about money and so many parents just don’t know when, or how, to do this.
It’s been said that parents would rather talk to their kids about drugs and ‘you know what’ than talk to them about money. That’s because we make money, or rather how much or how little we have of it, mean something about who we are as human beings. In fact, it rarely means anything. Our self-worth needn’t have anything to do with our net-worth. But often we let it.