Finance writer and mother of 3 shares the biggest mistakes parents make when teaching kids about money
Beth Kobliner came by Business Insider to talk about how parents should talk to their kids about money.
I think the biggest mistake is expressing their anxiety about it. Like “Ah! I’m not good at this!” Or, “Oh I blew my cash advance when I was 23 years oldand went to Paris!” Which is what a lot of my friends did. And I think that although we may have money baggage, I’ve met so many people who say, “You know, I’m really bad at money, cause my parents were really bad at money.” Or other people say “I’m really bad at money cause my parents were too good with money, and they were so careful and frugal and now I want to spend it myself.”
The point is that it doesn't matter what your psychology of money is, in the sense that you wanna just help your kids understand how to stay out of debt. Not to get into credit card debt or how to save money for the future, or even invest.
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