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CFP Board in the News

Money and Sex: It's Hard to Talk to Kids About Both

Apr 29, 2013

It's as hard to talk your 20-somethings about money as it is talk to them about sex. Maybe harder.

"They are probably having the sex," said Eleanor Blayney, a [CERTIFIED FINANCIAL PLANNER™ professional] who often talks to the young adult children of her clients. She was laughing. "But they don't have the money."

Our 20-somethings — perhaps starting out in their first real jobs — don't want to hear us say they are spending too much on the clothes and the car and not saving enough.

And they'd rather live on Ramen noodles Monday through Friday than give up going out on weekends with friends.

They may have gone to college, but there is a good chance they are financially illiterate.

It might make sense, said Ms. Blayney, a consumer advocate on the Certified Financial Planner Board of Standards, to pay for an hour of time with a financial planner with whom your child will feel like an adult instead of a kid being lectured, again, by mom and dad. Read more >

The Baltimore Sun  
Susan Reimer
April 29, 2013

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