Experts say that parents should start talking to their kids about money from an early age as it will help them develop a healthy relationship with their own finances one day.
"Handling money is a life skill just like cooking is a life skill," said Liz Enriquez, a Hamilton-based personal finance educator at Ambitious Parenting.
He argues, however, that there's value in having conversations with your kids in a transparent and age-appropriate way. As they walked down the produce aisles together, Sellery said they would scope out fruits and vegetables and discuss how much they cost. "If you can't think about the last time that you talked about money, it's been too long. You should be able to recall the last time that you talked about it."If you're about to pay the credit card bill, for example, highlight how much you've been spending and on what items. This is also an opportunity to explain what happens when these purchases are not repaid on time.
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