Should children be kept informed of the expenses incurred on them?Often, when the elders bring them some gifts or a few essential items, the children ask about the price with curiosity and the elders usually respond by asking them what they have to do with the price. Children grow up hearing this and sometimes they fail to understand and appreciate the value of things. Nowadays, parents have to spend a lot in order to give a good lifestyle to children in which the education-related expenses are also included. Nowadays fees are much higher than before and so are the other expenses related to the children.
In such a situation, is it not necessary that a child should understand how his parents are able to manage financially? I would like to know from our experienced members whether children should be included in the family finance management discussion or not.