Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

1 Bump

Spin off on BK $5 til Friday question someone else posted.......

if you were so broke you had $5 til Friday would you announce that to your kids?

What do you & do you not share with your kids about your personal finances?

I make sure my kids know we might not be heading to Disney Land but they'll always have clean nice clothes, healthy and yummy food, a great doctor and dentist and I'll make sure there's always toys + books in their rooms no matter what (Husband is an airline booking agent & I receive disability... we're considered poor I think?)


Asked by hibbingmom at 9:35 PM on Apr. 11, 2011 in Money & Work

Level 35 (71,876 Credits)
This question is closed.
Answers (10)
  • And the kids don't need to know. My mom always whined about having no money (even thoguh she always had her special coffee and cigarettes). I felt so bad about needing school supplies I would buy my own.

    Answer by ABusyBee at 9:37 PM on Apr. 11, 2011

  • Well no but I don't think he would care since he is only 2 :) Hehe But if he were older then still it would be a no. Kids shouldn't have to worry about money. I worried about money way to much when I was growing up because my parents felt they needed to "share" their problems with us children.

    Answer by Brandi300 at 9:38 PM on Apr. 11, 2011

  • Being self employed with a fairly new business I would say I'm poorer than poor. However, I always let my kids know if things are getting tight financially. They dont' get exact numbers but they always knew if we couldn't afford something. Now they are older and it just means if I say something I could use alittle help with groceries that month. I personally wouldn't be going out to eat if we didn't have any money, especially only $5. I think she was stretching the truth!

    Answer by TwinkleLites at 9:38 PM on Apr. 11, 2011

  • I'd never tell my kids "we only have $xx til ___", no. But I will tell them, if we're in a store and they want something frivolous and completely unnecessary, or just not needed at the moment, that we don't have the money right now, or I'll keep it in mind for their birthday. We've never had $5 and no food for a week either though - even if we're flat-a** broke, we still have food in the house.

    Answer by Anonymous at 9:39 PM on Apr. 11, 2011

  • By BK do you mean bankruptcy? That is a collecters term lol so if that is not it I have no idea what it is....

    Answer by ABusyBee at 9:36 PM on Apr. 11, 2011

  • BK = burger king. lol...... someone posted about a family having only $5 til friday but still went to BK to eat.... and the momma announced to the kids it was their last $5

    Comment by hibbingmom (original poster) at 9:38 PM on Apr. 11, 2011

  • I will tell him yes or know and why.

    Answer by pinkdragon36 at 9:40 PM on Apr. 11, 2011

  • ah lol. I see money and BK and think bankruptcy. Thanks!

    Answer by ABusyBee at 9:42 PM on Apr. 11, 2011

  • Sometimes I tell my kids "we can't afford (whatever)" because I want them to know our money isn't limitless, but I never tell them we don't have enough to eat, or can't buy clothes for them to wear, etc. They know how much our house was (because they were with us when we were looking) but they don't know how much my husband makes, or how much their dad is supposed to be paying me in child support, or that he's not paying at all. I don't want them to ever worry about grown up problems.

    Answer by missanc at 9:50 AM on Apr. 12, 2011

  • Wow, I would never share our finances with our kids! I grew up poor and my Mom never discussed her finances with us...I didn't know I grew up poor until I was grown.

    I think you need to teach your children how to be financially responsible. If you can't then you should at least refrain from telling them how irresponsible you are.

    Answer by yourspecialkid at 10:29 AM on Apr. 12, 2011