Was money discussed openly in your family growing up?

And how did your parents spend and save money? In many ways, the attitudes we have about money come directly from our upbringings. Reflecting on these questions helps you make sense of yourself and your own finances. Asking these questions of others helps you, in turn, understand them better. Just this weekend, Emily and I got into a really interesting conversation with three other friends. All of us were fortunate enough to go to college. And all of us were doubly fortunate to have significant financial help from family in order to make college possible. But our respective families had very different attitudes and approaches to money. Some expected their kids to work during college. Others did not. Some made sure that their kids knew the exact monthly costs of financing higher education. Other parents adopted the view that excelling in school was the child’s job while paying for it was the parents’ responsibility. It was fascinating to see the differences.

Source: An article in the print journal of the American Association of Individual Investors

Have you asked this question? How did it go? Do you have advice for how best to ask it? PLEASE RATE! AND WRITE A REVIEW (in the comment box below)!

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