Most Common Financial Conflicts Between Kids and Parents and Tips For Getting Ahead of Them

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.

As the old saying goes, money doesn’t grow on trees, so parents must say “no” sometimes.

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

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

#4. Child’s spending habits

#3. Child’s  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.

Nearly half of parents in the LendingTree survey said their child used their credit or debit card at least once without permission.

#2. Child used credit card without permission

Teaching children to regulate their emotions and respond appropriately when they don’t get their way is a common challenge for parents.

#1. Parent didn’t buy something child wanted

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