Tag: children and money

  • Are we poor?

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    If you have kids who talk as much as mine (gee, wonder where they picked up loquacity as a trait), conversations can go nearly anywhere. My boys, ages 9 and 6, are quite interested in money lately, a phenomenon driven in part by the tooth fairy and their discovery of gift cards at a recent birthday party. Here is a recent excerpt:

    "Mom, is the reason that I can't have the Lego Batman DC set because we are poor? Jpeg-194x300

    "We are not poor."

    "Well, if are rich, then why can't I have it?"

    "I didn't say we were rich. We aren't rich."

    "Mom . . . . [big sigh of frustration] . . . Are we rich or are we poor?"

    I recently read the Opposite of Spoiled by Ron Leiber, a NY Times money reporter. He provides straightforward advice on how to handle these questions and more. Even if one takes a slightly different tact with their kids, I completely agree with his main point:  parents should not avoid these conversations because they are uncomfortable or inconvenient or difficult. Kids talk about this stuff and draw conclusions. Creating a conversation is a way to share your values and learn about your children.

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