Have your kids ever asked how much you and your spouse earn?  And have you ever blown them off with a ‘none of your business’ or ‘we’ll talk about it when you are older’?  Well there are some good reasons to discuss this, especially with teens.  See this article in the New York Times by Rob Lieber to see why:

http://www.nytimes.com/2015/02/01/your-money/why-you-should-tell-your-kids-how-much-you-make.html?_r=0

Kids will take what you say to heart; if you say it is off limits to talk about, they will think it is a taboo subject and not really understand what they will need to do to get ready for when they have to make their own financial decisions.  Understanding that early, especially budgeting, getting insurance and putting money aside for retirement, will get your kids on the right road to their own financial security.  It has to start with what you bring in, so that is where it should all begin.

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