What Not to Say to Your Kids About Money

Here are some words on money that you should keep to yourself (9 Photos)

Carmen Wong Ulrich on Sep 21, 2010 at 3:53PM

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What Not to Say to Your Kids About Money

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"You don't need to know that -- yet."

Even if junior won’t see a mortgage bill for 20 or 30 years, there’s something to be said about communicating the basics as early as possible. The streets are riddled with young adults in credit-card trouble because they didn’t learn the basics at home—it just wasn’t discussed. A four or five-year-old can understand that you pay money (a rent or mortgage) to live in your home, and a tween can grasp the cost of interest. Better to overestimate and educate than avoid.

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