Lying To Kids About Money Only Increases Their Worry

Lying to Kids About Money Only Increases Their Worry

Kids can typically sense financial stress in the home. By having honest conversations with them, and giving age-appropriate information, you can reduce their level of worry.

Photo by Randen Pederson

The biggest culprit, and one that I am guilty of, is telling a child "No, we can't afford it" when they're begging for a cheap toy at the store. Those are toxic words that can cause unnecessary worry.

Instead, tell the child "No" along with an explanation they can process. Something like "No, we're saving up for our big summer road trip, remember?"

By tying the "No" to something they can relate to, they will process the information easier and not worry about what else mum and dad can't afford.

Check out the article below for other great tips on how to talk with kids about money.

The Dangers of Lying to Children About Money [Magnify Money]


Comments

    Bugger it, let 'em worry. Prepares them for the real world they'll be facing, with record levels of youth unemployment, a government that wants them to beg for six months until they give unemployment benefits and mandatory work for the dole at a fraction of the minimum wage.

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