Our children frequently ask about our finances, and we're completely open with them. We discuss our earnings, bank balances, savings goals, expenses we can't afford, investments, and even our crypto activities. Yet, many parents I know never broach the subject. Are we outliers? Let's dive in.
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As experienced parents raising financially savvy kids, we view money education as essential. It goes beyond pocket money—it's about understanding family finances and the real world of money.
Many parents see sharing personal finances as unnecessary, but we've chosen transparency. Questions arise naturally, and we answer honestly without boasting.
This question surfaced years ago at dinner. It's a natural curiosity, especially as kids explore careers and earnings at school. Being upfront about our monthly income fosters trust and realism.
In the Netherlands, money talks—even with close friends or colleagues—are often taboo. We don't disclose exact savings or crypto holdings (traded via Bitvavo), but we're open about our investing habits. Mutual silence prevails: 'You don't ask, we don't tell.'
Workplace salary transparency has pros and cons, but at home, we break the taboo to normalize healthy money discussions.
No family secrets on finances. Kids today need early awareness—our children have had bank cards for years; 12-year-old Lotte now gets a clothing allowance, and Luc pays via phone (he's over 16).
Two years ago, we bought a countryside home with two houses on 3000 m² of land. We explain it required smart jobs, savings, a large mortgage, and sacrifices—like eating out less or skipping sushi. The kids miss sushi most, but they've adapted: Lotte suggested homemade sushi last week, saving money while enjoying it. These moments teach money's true value.
A nest egg matters, even when cash flows.
We openly cover savings and investments, especially crypto's future potential. Via Bitvavo, we explain coins we buy, strategies, and risks—never invest what you can't lose.
This weekend, we're advancing: giving them small amounts (€25 each) to trade pennycoins under supervision. It's how we started—small stakes build experience.
How do you handle money talks with your kids? Open book or off-limits?
