Growing up I had no idea how much my parents made. I generally knew we were lower middle class but I never really went hungry or shoe-less so for the most part I didn't really think too much about it.
Between my wife and I our household income is 350-380k/yr and while our kids know we're fairly well off, they've never really concerned themselves beyond that. Our daughter is about to start college and our son just got his first job. For some reason, they both now have expressed serious interest in our financial situation.
I've spent considerable hours teaching my oldest what a budget is and how to build/manage one but it was always with imaginary income/debts. My wife and I both grew up in low income homes so we have worked very hard to ensure our kids were not spoiled or grew up feeling entitled and I think for the most part we have succeeded there. I am a bit worried however, that if they know exactly how much we make it will become a "talking" point or something to boast about and I am not comfortable with that.
So I am curious what others position is on this topic. Does it seem odd to want to keep that information off-limits to my minor children. (I think we'll be much more open when they are older and starting their careers.)
Submitted January 31, 2020 at 08:55PM by saddlesick https://ift.tt/3b0RcUl
