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How can parents talk to kids about money?

Video transcript

when I was a kid we saw physical money all the time and I would see you know my mom or my uncle you know go to a store and you know give a $10 bill and get a $5 and a little bit of change and actually you know my family my uncles ran a convenience store that my mom kind of worked to the manager to continue store size she saw a lot of you know I was very familiar with the notion of a cash register and how to make change and and actually I thought it was an incredible experience for me even when I was when I was very very very young and what I see in my own children is now if we go to a store or we go to a restaurant I just handed them this piece of plastic then the you know it kind of disappears for a few minutes it shows up again I just find it and my kids just think that there's just this magic plastic thing that somehow allows us to eat places or whatever or they probably don't even appreciate that not everyone might be able to go to a restaurant or be able to buy a certain type of thing so I find it especially important because it's not as obvious for this generation to talk to my children about what's happening when I give a credit card when I use a debit card you know some parents I think take a lot of satisfaction being able in fact all parents take a lot of satisfaction being able provide for their children and they don't want they want to protect their children from thinking oh and maybe there's some scarcity maybe we can't have everything but you know one of my proudest moments was a few weeks ago when my son said hey Dad can we afford this and you know it was something very simple like a pencil sharpener and okay we could afford it but I just loved the fact that you know there was just like $2 thing and my six-year-old son was asking that question can we afford this and so I would encourage all parents you know even if even frankly even if you're doing okay even if you don't have you know any financial stress try to make your kids feel like you have a little bit
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