This is a sponsored blog post for Prudential.
Discussing money matters with your family may not be the easiest conversation, but here’s why it’s one of the most important things you can do! Financial planning will allow your family to be proactive for the future and make informed decisions regarding the importance of life insurance and lasting generational wealth. This is an essential part of your family’s financial security now and in the future - and that is why it is important to initiate these challenging financial conversations with your family to be prepared for anything.
Prudential provides the knowledge and support needed to help you make informed decisions. Click here to learn more about how you can start the conversation today!
Have you ever had a challenging financial planning conversation with your family? Tell us your tips that have made having this conversation easier in the comments!
Be honest and take the time to listen carefully.
Speak to your child in any topic in an age-appropriate conversation. Kids understand more than we think they do.
My husband and I were going out of the country without our kids on vacation, so we talked to our family about our wishes if something were to happen to us.
Just be open and honest.
Financial matters can make for a tough conversation. My tip is to keep calm - getting upset or arguing won't accomplish anything.
I don't have children to discuss financial difficulties with,.
It?s so very important to talk with your family and loved ones about this! Life is short and you never know what?s going to happen! You need to be prepared!!
It?s very important to talk about these topics with children.
I hope I win!
I hope I win!
Sit and talk
We've done well in life; so when we discuss financial information our adult children listen. If they ever have a question, they know who to ask. If we don't know the answer, we have enough contacts to start them on their journey.
We just are calm and we sit down to talk.
I have had many challenging financial discussions with my family. I appreciate the advice here to make future conversations easier!
Nobody had these conversations with me as a child or teen, and I want to make sure the patterns are not repeated so I'm going to make sure she had guidance and better spending and saving habits than I was set up with.