Absolutely true and sad. I have relatives who are deeply in debt and still spend over a thousand dollars on their kids Christmas gifts.

They would rather go further into debt than have an honest (but admittedly very difficult) discussion about money with their kids.

I write a lot about the importance of transparent money conversations with your spouse, but it’s just as important to have those discussions with your kids.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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