Should Your Kids Know About Your Finances?

My daughter doesn’t really care that much about our finances as long as she gets her allowance (although good news may prompt her to ask for an increase).  I am also a little leary letting her know about all our day-to-day situations.  This article by DEMETRIA GALLEGOS shows the other side, when you let your kids know all about your finances:

http://online.wsj.com/article/SB10001424052702304299704577500444006439980.html

Just to be fair, my daughter does a pretty good job managing her own money and if she continues the same, I am reasonably sure she will be able to save and thrive.  But you be the judge.



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