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View Poll Results: Do you tell your kids your salary?
Yes I tell my kids my salary 24 18.05%
Sort of, I tell them ballpark figures 35 26.32%
No, they do not need to know 57 42.86%
Other - always an other! 17 12.78%
Voters: 133. You may not vote on this poll

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Old 02-23-2013, 02:43 PM   #76
Horseshoe Mesa - 3 miles, 31 switchbacks & 2500 vertical feet down and ALL that way back UP to the rim!
I always wondered why, of all the animals on earth, they would pick a hippo
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Join Date: Aug 1999
Location: Maryland
Posts: 4,316

I don't tell my teens. They've never really asked. That said, it's public information since I'm a Federal employee. That said, I don't broadcast my salary to them because it sounds like a lot more than it buys. Of course, we live in a high cost of living area.
HH DVC Jul 2004 2003 Aug 2002 Jun 2001 May 1999; Pop Century Jan 2004; CS/WL/ASSp Nov/Dec 2000;
Vero/ASMo Jul/Aug 2000; BC Jan 2000; ASSp Jan 1999; DxL Jan 1998; BWV May 1997
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Old 02-23-2013, 03:25 PM   #77
Question anything the facts don't support.
Join Date: Dec 2003
Location: Carmichael, California
Posts: 18,793

My son is in college still, and working full time. He asked me to help him with his tax return. Mistake on his part. He doesn't know what I make, he just knows now he makes more than I do! He was already paying for his car, his insurance, gas, health insurance, but is still living at home. DW and I have very strong feelings that a child should never pay rent to live at home, but we want him to understand, as he goes to Las Vegas for the weekend, or drops $200 on a fancy dinner for him and his girlfriend, how lucky he is.
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Old 02-23-2013, 03:31 PM   #78
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Join Date: Mar 2009
Location: San Diego, CA
Posts: 6,679

I haven't read all the responses.

I'm not sure that I would have understood salary comparisons as a kid or even an early teenager. Now that I'm 30 I do talk to my parents about their finances because I worry about their future. I know how much they make, how much their pension will pay, and what they have in investments. I'm also, as their oldest, the beneficiary (they are divorced) and executor of their living wills, so as an adult, I know a lot about their financial situation and am glad that I do for my own peace of mind. As I said, though, I don't think I would have understood that information before being a financially independent adult myself. I don't think it needs to be a secret, I'm just not sure what the point of a young child knowing that information would be.
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Old 02-23-2013, 04:04 PM   #79
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Join Date: Mar 2007
Location: Michigan
Posts: 16,801

We've never really talked about it. There's no big secrecy, but the kids just don't seem terribly interested in specifics. They know we're better off than some of their friends and not as well off as others, and they know that we're able to enjoy the lifestyle we have based on smart/frugal choices rather than high income.
~~**Colleen & Crew**~~
POR 10/05 ~ BC 08/07 ~ WL 01/08 ~ CBR 12/09 ~ POP 03/11 TR/ DR
POP 1/12 TR ~ ASSp 5/12 ~ CSR 3/13 ~ POP 4/13 ~ ASMu 12/13

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