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Talk To Your Family About Money - We Can Help

Pursuing Success At Every Generation - Learn To Talk To Your Family About Money

We will be discussing this topic at an upcoming webinar on Thursday, January 21st at 3 PM CT.

To attend, click this link to register.

Talking with loved ones about finances can be tough. Whether you have a lot to pass down or a little, the conversation needs to happen. We know this isn't easy, so we want to lend some tools to help you tackle the discussion. 

Tip #1 Start Simple

In life, sometimes the hardest part of accomplishing something is simply getting started. Get over that first hump by starting off the conversation simply. From there, your dialogue may flow more naturally than you might think. Some simple sample questions may be:

•What’s the most important thing in your life right now?

•What are you most proud of?

•What’s a dream you have for the future?

Tip # 2 Start Early

Start talking about money with children as early as possible. Children who grow up discussing and learning about money with their family develop a comfortability that they carry into their lives. Some ways to get young children thinking about money include:

-Use a piggy bank

-Incorporate an allowance

-Let children watch and listen as you communicate about family finances and pay bills

Tip #3 Tell A Story

Whether you use it to impart a lesson or expand the imagination, storytelling is a key communication tool. When starting to talk about money with family, starting off with a story about a time when you made a financial mistake or achieved a financial milestone may help the conversation deepen to a new level of understanding. Here are a few story ideas:

-Remember a time you saved up for something important to you.

-Recall a sacrifice you had to make in your budget and how it impacted you.

-Think back to a time you had a large unexpected expense to pay for. Were you prepared?

We hope these tips have helped you. What we think will help even more is attending our free upcoming webinar on this exact topic. Attendees will learn specifically what topics need to be discussed with family members, As an interactive experience, those who attend will also have a chance to practice talking about this money during the call and will even be given an at-home workbook to help guide your conversations with loved ones. 

The webinar is on January 21st, 2021 at 3 PM CT. We hope to see you there!

Click this link to register. 

Questions about this content or our upcoming webinar? Contact lblair@steinfg.com.