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.

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One of the most common conflicts are those related to money.

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GoHenry analyzed the most common financial conflicts between kids and parents based on a study from LendingTree and further research.

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Click To Learn More About Mama Say What's Free Weekly Newsletter For Busy Parents Who Manage The Household Budget

LendingTree, along with Qualtrics, surveyed 1,051 parents of children under 18 in January 2022.

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One in 4 parents who participated in this survey reported recently arguing about money with their child.

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Most Common Conflicts Parents and Children Have and and Tips for Getting Ahead of Them

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5. Parent Didn’t Give Child Money to Do Something They Wanted

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Children often ask their parents for money to go out and do things. As the old saying goes, money doesn’t grow on trees, so parents must say “no” sometimes.

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These situations can be opportunities to teach kids about money and financial responsibility.

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4. Child’s Spending Habits

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Sometimes, the things children want to spend their money on—not to mention the cost of these items—are not aligned with parental expectations for smart spending.

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