How Parents Should Talk to Their Kids About Family Finances

Do you know when to keep your lips sealed?

Father and son
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When money is tight, putting a positive spin on the situation may be the best way talk to your children, says Jaclyn Weitzberg, president of Money MindEd, a financial education company for parents and teens. Says Weitzberg: "Use any situation as a way to teach your children how to manage money more responsibly."