October 5, 2016

How to Talk to Your Kids About Money- When You Have a Lot of It

Some topics are really difficult to bring up when you talk to your kids- one of those is money. “Dad, what do you do for a living?” “Mom, are we rich?” These questions can leave us stumbling over our words when we try to give correct answers. John Christianson gives us tips on how to best approach this subject:

“Where I think we struggle as parents, and from my own experience, it takes a great amount of introspection to understand where you’re coming from. As you’re communicating this, what is the expectation that your kids can expect? From cars to allowances, you need to find the playing field, and you need to know the boundaries of what you expect, and what your kids are going to expect. Make sure your kids are taking seriously what you pay for them- from guitar, to soccer lessons, to anything in between, make sure your kids understand that you are not just a limitless resource of money for your kids. Let them know how much it is, and ask them if it’s something they really want, especially if they had to pay for it on their own.” -John Christianson

Listen to the rest of the podcast at: https://goo.gl/doQ7t3

Dr. Matt talks with John Christianson, Founder and CEO of Highland.  Money can be a difficult topic to discuss with our children. John comes on the Matt Townsend show today to help all of us parents learn how to talk to our kids about money, and how to answer their never-ending questions about the financial situation of our lives.


Join The Matt Townsend Show, Weekdays 9am-12pm ET on BYU RADIO (Sirius XM Channel 143) or byuradio.org

Thousands of marriages saved. We can save yours too.

Don't delay. Real problems require real solutions. Let's remove the stress from your marriage.

Start feeding your marriage today with 10 days of inspiring messages. Straight to your inbox.


Dr. Matt Townsend's Web Site