In today’s world where family members often can have varying opinions and backgrounds, finding a way to discuss important topics like finances can often be difficult. While money talk can feel uncomfortable or even taboo, discussing shared financial goals, lessons, and wins can help foster generational wealth and financial confidence. Studies show most people never learned about personal finance in school or at home, but two-thirds agree that open conversations can lead to better financial outcomes. So why not use the holiday to spark a positive shift? Afterall, Thanksgiving isn’t just about turkey and pie, it’s a rare chance to bring the family together and have meaningful conversations, including about finances.
Start small by focusing on financial gratitude, what are you thankful for financially this year? Then move into celebrating financial wins, big or small. Use the time to teach younger family members about luxuries versus necessities in a consumer-driven world, and encourage everyone to think about setting financial goals for the year ahead. Sharing real-life stories, including your own setbacks and successes, helps build understanding and resilience. After all, the best way to pass down financial wisdom isn’t through lectures, it’s through open, honest, and relatable conversations. Read the full article from Kiplinger here.
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