Parents, don't let your money spoil the kids

There is a good article in today's Globe and Mail that talks about how wealthy parents talk - or don't talk as the case may be - to their children about money. Click here to read the article.

I was particularly interested in the part of the article that covered the concept of making sure the children understand that any inheritance left to them is a gift and not an entitlement. I whole-heartedly agree that this is something the kids should be brought to realize, but I also know it's just not the norm in our society. The sense of entitlement that I see in families of every economic bracket is very strong.

In any event, the article was interesting and thought-provoking, and will make a great read if you are wondering what you should be telling your children about the family finances.