My son (8 years old) has been lately asking me lot about, How much money we have in bank and also wants to know our salaries. He is somewhat money minded, always looking to make a dollar or two by doing chores around the house. However he is not mature enough to keep a secret, So I am going to wait few more years before I tell him.
Interestingly, I was 7 years old, when my dad told me how much he made, Growing up money was never hidden from me, I always knew how much we had in the bank. All I had to do was ask. I never told anyone how much my dad made, it was not a lot, Perhaps I was embarrassed.
So I am curious to know, what age did you folks tell your kids, How much you made, along with revealing other financial information. Did you regret revealing that information or was it the right decision?
Interestingly, I was 7 years old, when my dad told me how much he made, Growing up money was never hidden from me, I always knew how much we had in the bank. All I had to do was ask. I never told anyone how much my dad made, it was not a lot, Perhaps I was embarrassed.
So I am curious to know, what age did you folks tell your kids, How much you made, along with revealing other financial information. Did you regret revealing that information or was it the right decision?
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