Dave Says: Can They Handle It? [Video]

Dear Dave,

My husband and I began your plan a few months ago. We love the process of living on a budget, and how it has helped us gain control of our finances. Our kids are 14 and 13 now. Do you think it’s a good idea to include teenagers in budget meetings and financial discussions?

Paula

Dear Paula,

This is a great question! As long as you’re not in an extreme situation, like you’re looking at foreclosure or bankruptcy, or you’re on the opposite end of the spectrum sitting on a pile of wealth, I think it’s a wonderful idea.

Teaching kids about money

with a standard, regular, monthly budget is one thing. But as a parent, you don’t want to put your kids into situations they aren’t emotionally equipped to handle.

As long as mom and dad are having a discussion and making decisions—not fighting—it’s good for kids to hear the give and …

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