Tis The Season To Have The Talk

2010 November 23

The Financial Talk with your Kids.

During the me, me, me: I want, want, want… season, how do you ‘Have The Talk’ with your kids?

I’m excited to join a team of bloggers and iVillage/TheTalk who are all specifically having THAT talk . Teaching our tweens and teens about where money comes from, what it means to work and especially right now, the true meaning of giving BACK during the holidays.

Check out this video of a girl and her mom. Are you scared to have the talk?
You don’t want to wait until it’s too late, the earlier the better.

My daughters are now 13 and nearly 10 years old. And they are definitely old enough to have ‘The Talk’.

The funny thing is my oldest is a total spendthrift and will spend every cent of her allowance the second she gets it. Don’t get me wrong, often she spends it on her friends and shares any treats she buys with her siblings.

And my 10 year old in true middle child syndrome, saves every penny and even counts it often. One year she was saving for a Build-A-Bear. I had consented to purchasing half for her birthday. She saved for a few months and then asked me again what the total price was. I told her around $50 and that was just a basic bear. She looked me in the eye and said, nah, that’s way too much money.

Wow, huh?

Talk about about two very different kiddos.
Two very different parenting needs.
And yes, we’ll have ‘The Talk’ with each of them very differently!

Over the next couple weeks, I’ll be exploring our version of The Talk with the holidays fast approaching. Join me! How do you plan to have The Talk with your kids?

The other bloggers on the #HaveTheTalk team:


You can win big by joining the iVillage conversation.

Each week add your thoughts to the Weekly Sweeps Question on the iVillage Forum, for a chance to win a $50 Amex Gift Card!
This week’s question: Financially, do teens have it better or worse than when you were a kid?

Stock photo from Shutterstock.com.
The bloggers involved in ‘The Talk’ campaign are compensated.

http://forums.ivillage.com/t5/Share-Your-Stories/This-Week-s-Sweeps-Question/m-p/116201347#U116201347
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4 Responses
  1. November 28, 2010

    This is a great article! It’s something very important I feel a lot of parents neglect. My parents for some reason neglected to do this with my younger sister, and as a young adult on her own she now has some very serious issues because of this.

    I don’t feel that any age is too young as long as the conversation is appropriate and not over their head.

    We’ve taught our three year old that we can’t always get what we want or go do certain things because if we did so we wouldn’t have some of the things we needed. We’ve tried to give examples between what need and want are ^_^. This is a good start and as soon as she’s a wee bit older we’ll explain spending habits and need and want will definitely factor into that.

  2. November 29, 2010

    I agree no age is too young! When they are very little you can talk about how candy bars at the grocery store cost the same as a hot wheels toy, but the toy lasts for weeks and weeks eh?

    that kind of stuff really got through to my kids.

  3. November 29, 2010

    Thanks, Carissa…

    Too often we pass up opportunities to teach our kids (in age-appropriate bites) about things they’re going to need to do for a long, long time. Financial literacy is one of those things and, you’re right, the holidays provide us with lots of opportunities to talk about spending, saving, gifts, values, traditions, giving…

    Look forward to hearing more from you about this!

  4. December 13, 2010

    I think it’s a great topic this time of year too.. and even little kids can get in on the action. Never too young to learn, not EVERYTHING under the tree is for you! 🙂

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