Goal Planning as a Family

What’s one of the best ways for a family to get on the same page with their current and future finances? Communication.

Hold regular family meetings to discuss financial goals and priorities. I’m not suggesting that you include your children in every financial decision, but I am encouraging you to communicate clearly and lead well. When you share the reasons behind certain financial choices, it helps everyone understand the “why” — and that understanding builds unity rather than frustration.

Often, these conversations don’t even happen between spouses. Start there. When the leaders of the home are aligned, it’s powerful. Once you and your spouse are on the same page, bring your kids into some of those conversations. Let them see the purpose and intention behind your decisions — saving, giving, spending wisely, or saying no when needed.

Money can stir up all kinds of emotions. But open communication helps ease many of those tensions. When your family knows why you’re making certain choices — why you’re saving instead of spending, or why you’re not trying to keep up with what the neighbors have — it shifts the focus from comparison to purpose.

Financial unity starts with honest conversation. Plan together, communicate openly, and lead your family with shared goals and understanding.

Bonus Thought: Having beneficial financial conversations with your children early can set them up for success in the future. Try to give early ownership opportunities, relating to money, to your children on some small or inconsequential decisions. They are involved and learn in action!