My husband and I want our kids to learn from our financial mistakes, not repeat them
Our financial missteps impact the way we talk to our kids about money. For us, no topic is off-limits.
My husband and I borrowed money early in our marriage, which became a pattern we continued, leading to excessive debt. We've learned from our mistakes and are now paying off these debts while instilling better financial habits in our children. Our 11-year-old recently inquired about repossession, a term he learned from our discussions about our financial struggles.
Despite not having filed for bankruptcy, our financial missteps were close to that point. We openly discuss financial matters with our children, hoping they won't repeat our errors and learn to manage their finances wisely.
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