Should you tell your kids how much money you make?

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GREENSBORO, N.C. -- Every parent wants their kids to appreciate the value of a dollar, but to share with them the nitty gritty, exactly what you make? That's a whole other ballgame.

"No, I don't tell my kids how much money I make. I have a 15 year old, so of course not," said mom Lakesha Steed.

"I won't tell my daughter, my mom never told me," said mom Jordan Walker.

But by not being straight up about it, that's how kids get confused and miss out on must-know money lessons, according to Triad CPA and mom Paula McMillan.

“I don't think there's a better way to give them a better head start on life. They need to see the whole financial picture, all of it, so it all makes sense," she said.

"I think they need to know. We always have those conversations," said mom Althea Hall.

"I think honesty is always the best policy. Just tell them that so and so makes 'X' and so and so makes 'Y' and that's how the world works," said mom Dana Maxwell.

McMillan says to build younger kids' money smarts slowly, by including them in the family's budget discussions and decisions. Then, when they're older, to give it to them straight, tell them what you earn and spend because that way they'll understand the realities of how money really works.

"Money is always going to be important to be able to obtain access and what they want in life to reach their goals and dreams. The more they know and the more they understand, the better off they are."

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