How to Talk to Your Kids About Money
7 Tips For Talking to Your Kids About Money
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Even young kids can pick up on the discrepancies in income among their peers and strangers, and it's good to be honest if your child asks about it. Let your kids know that there are families and individuals who have less money than you and those who have more. Be careful not to use language like "poor" or "needy" that can give a negative connotation to those who have less.