<p>You can teach your kids about debt, how to manage their income, how to handle a checkbook, how to save, and various other money concepts, without giving them your tax forms of what you earn, how much the mortgage and insurance is, etc. That information is not necessary to teach them how to manage their own money and other concepts about money. Some of our children (including mine) have even been employed before and are now. As parents, we teach whatever money values we wish to instill in our children and I don’t need to show them my bank account in order to do that. You can teach what you can afford and what you can’t and if you want X, what to you have to do to get enough money to earn X, and so forth. </p>
<p>Susan</p>
<p>Since you brought up drugs and sex in this context…I also teach about sex and birth control and decisions and so forth and I don’t tell my kids the intimate details of my sex life. I also discuss drugs and I don’t get into any I may have tried back in college. It is not like these things are big secrets but I have no need to share them in order to teach what needs to be taught.</p>