“John Lanza, who has written books about allowances and family finances, said including children in budgeting could help give them some sense of control. ‘Kids want to be a part of the solution,’ Mr. Lanza said.”
– Ann Carrns, New York Times personal finance writer
Chief Mammal John Lanza was recently featured in a New York Times article offering guidance on how to talk to kids about money, especially during challenging economic times.
Personal finance columnist Ann Carrns shared practical tips to help families navigate these conversations with confidence:
- Don’t assume kids are unaware of financial challenges. They often pick up on more than you realize.
- Talk openly in age-appropriate ways. This strategy helps reduce anxiety and builds understanding.
- Learn together. Explore unfamiliar financial topics as a family.
- Start with what you have. Everyday items—like receipts, play money and picture books—can spark valuable money conversations.