GET STARTED WITH SIMPLE CONVERSATIONS

I'm a CERTIFIED FINANCIAL PLANNER(TM) with four boys. My oldest is 6, and I always dreamed he would have financial skills like Warren Buffet Because this is what I do all day long, he would just get it. But that hasn't been the case. Can anyone relate to this conversation we had in Target?

Son: Oooh, Dad, look at that Iron Man.

Me: Let's go bud, we've got one just like it at home.

Son: No, Dad, this one has a blue helmet... blue is my favorite color!!! (Gasp. Startling coincidence.) Can I get it?

Me: (oh great... I don't know. You have a jar at home... I have no idea how much money you have... better diffuse this situation for now) "Well, you have some money at home, but I'm not sure you have enough to ---

Son, knowing where this is going: DAD -- WHY CAN'T I GET IT??? I NEVER CAN GET ANYTHING!

Me: Let's talk about it later when we get home.

The problem is, we never got to talk later. He was over it and had moved on, and I had missed the teachable moment.

SMALL CHANGE BELIEVES IN THE POWER OF SIMPLE CONVERSATIONS ABOUT MONEY. 

HERE ARE 3 WAYS YOU CAN GET STARTED WITH YOUR KIDS:

  1. Be ready for the teachable moments - when your child expresses an interest to talk about money, that's the time to do it. Be mindful when the opportunity presents itself and be prepared.
     
  2. Be consistent with your message - consistency is the best teacher with younger kids. It's better to tackle fewer things and be more consistent than to sporadically talk about a variety of topics
     
  3. Carve out one night a week at dinner to engage - ask fun and open ended questions.  Discover what they think and where they need more information.

WHAT CONVERSATIONS ABOUT MONEY ARE YOU HAVING WITH YOUR KIDS?

Join the community and and we'll give you 3 Questions from our SPARK Conversations Deck to use with your family.

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