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When it comes to how best to conduct these financial meetings, there are some basic steps that should be taken. It also provides a chance to review both short-term and long-term goals, helping to keep the whole family focused on their objectives. Even if everyone in the family is already comfortable with their level of financial literacy, having a regular forum for discussion can help ensure that everyone has all the information they need to make informed choices about their spending and saving habits.

The importance of regular family financial meetings can't be overstated. They also form a key part of any strategy for teaching kids about money management. Family financial meetings provide the opportunity for everyone in the household to get on the same page when it comes to budgeting, saving, investing, and more. But having regular financial meetings with your family is an important part of creating and maintaining a healthy financial future. MONEY can be a tricky topic to discuss in any family, let alone when it comes to making decisions about how to manage finances.

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