How should you talk to your children about money? As a first-time father to a daughter who is turning one very soon, this question has been top of mind for me lately as I watch how quickly she is growing. And I’m sure it’s a concern that weighs heavily on the minds of many parents, and with good reason: The way you communicate with your children about wealth today will shape their financial experiences in the future.
Collecting is often viewed as a personal passion but it can be much more than that. Whether your collection has monetary or simply sentimental value, collecting as a family—when approached thoughtfully—can help enhance communication, teach valuable skills, and create stronger bonds.The secret is in building the “family collection” first. That is, make sure your first priority is to build communication and strong relationships within your family.