By Michelle Crouch
Most financial planners say it’s a good idea to talk to your kids regularly about money. But you can go too far. If you’re sharing too much information, or if you’re getting your kids directly involved your financial problems, you’re probably causing more harm than good.
“When children are inappropriately exposed to adult financial problems and conflicts, they are left feeling anxious and insecure,” says financial psychologist Brad Klontz, who wrote “Mind Over Money: Overcoming the Money Disorders That Threaten Our Financial Health.” “It can be very damaging.”