Parents, this one's for you. I've always said that the "money talk" is just as important as the "sex talk" for your teens. No doubt, there is a lack of financial literacy education in the school curriculum but you have countless opportunities to teach financial literacy to your children at home. When your kids say things like, "Mom, why can't we go to Hawaii for spring break like my friends?", you can reply with an honest explanation that is educational and helps them understand budgeting in a positive way rather than shutting them down and making money an awkward conversation.
I was just sent a NY Times article by a friend on this subject: "Why You Should Tell Your Children How Much You Make". I had to reshare this as the article is on point.
Parents, please read and share with your friends!