Financial education is a buzzword tossed around a lot today.  This whole subprime thing wouldn’t have happened if bankers hadn’t been so greedy and prospective mortagors so gullible (or greedy, too, in some cases).

We all need to do a better job of teaching our kids about money management.  The best we can hope for is that they learn from our mistakes.  Let us not repeat this misadventure — though I imagine that someday we’ll create a new one that will inadvertently run afoul.  (Think “Jurrasic Park” meets collateralized debt obligation.)

On this auspicious day, the Fourth Annual Blogging for LGBT Families Day (huzzah! huzzah!), I thought I would write about what it is that LGBT families teach their offspring differently about money than Ward and June Cleaver might have done.  As is usually the case with an us-vs.-them comparison, more is similar than is different.  It doesn’t matter where you’re from, what you look like, or how you define your “family,” we all want our kids to grow up to be happy, successful, and financially responsible adults.  While most things we teach our kids are the same as the Cleaver’s (delayed gratification, how to handle an allowance, how to save up for a big purchase…), my family is a bit different than average. Continue Reading »