Skip to Content

Communicating Financial Matters with Children

 

Talking to children about finances can be uncomfortable, but money is not a subject that should be off-limits to kids.

ACCC explains how parents can talk to their kids about finances:

  • Values – Parents should examine their own financial values and know what values they want their kids to have.
  • Slow and steady – You don’t need to discuss everything about money and finances in one day. Start slow and show you are open to discussion.
  • Honesty – Parents should be honest and discuss areas of regret they have, such as not saving enough or falling into debt.
  • Discuss important concepts – The most important concepts kids should know are budgeting, saving, and paying off debt.
  • Open discussions – Don’t just lecture, let kids as questions too!

For individuals and families trying to figure out how to pay off debts, American Consumer Credit Counseling (ACCC) provides non-profit credit counseling, credit card reduction and consumer debt management services for consumers nationwide. Our certified credit counselors provide financial education for anyone wanting to learn how to get out of debt and how to eliminate credit card debt. As alternative to expensive debt restructuring services and credit card debt consolidation loans, our debt management plans are a kind of credit card relief program that have helped thousands of people pay down credit card debt by consolidating payments and reducing interest rates and finances charges. We also offer bankruptcy counseling, housing counseling and other financial education services for help getting out of debt.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member