Money is a crucial factor in our lives, and not having enough of it can lead to unnecessary stress and family conflicts. Cynthia Crawford, a professional and family financial education specialist at the University of Missouri Extension, emphasizes the importance of having safe conversations about money with your family. Instead of discussing budgetary problems, Crawford suggests setting financial goals that the family can work together to achieve.

It's essential to involve every family member, including children old enough to understand money management, in the discussion. Teaching your children the difference between "needs" and "wants" can help them develop a better understanding of managing money. It's also essential to raise your children financially, as it can help them avoid problems that may occur if they grow up with a blank cheque. This way, they can learn to prioritize their values and make decisions based on what's essential.

Thankfully, the University of Missouri Extension offers free publications to help families manage their finances better. One of these publications is Money Management: Living on Less (GH3600) (brand name excluded), which is available for download at https://extension2.missouri.edu/gh3600.

In conclusion, improved communication and setting financial goals as a family can reduce stress levels and prevent future conflicts related to money. Additionally, teaching your children how to manage their finances gives them useful skills for the future. Resources like the University of Missouri Extension provide ample support and guidance for families looking to improve their financial status.