Most Common Financial Conflicts Between Kids and Parents

Parenting children of any age has its ups and downs, and part of the job is navigating a variety of conflicts as children grow and mature.

One of the most common conflicts are those related to money. One in 4 parents who participated in this survey reported recently arguing about money with their child. 

Parent didn’t give child money to do something they wanted

Jumpstart saving for your retirement when you start your job by contributing to your 401K plan, especially if your company has a matching contribution. There are tax-deferred savings benefits.

Child’s spending habits

Parents can work to prevent arguments about their children’s spending habits by teaching money-saving strategies from a young age.

Child allowance amount

Allowances are an important way for parents to teach their kids not only how to manage their money but also the value of working to earn that money.

Child used credit card without permission

Allowances are an important way for parents to teach their kids not only how to manage their money but also the value of working to earn that money.

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