What you want to avoid in your household is creating financial infidelity, financial egotism or financial anorexia. What do these terms means:

*Financial infidelity is any secret that you keep from your partner around money that if they found out about you would feel ashamed, which could be borrowing, loaning, saving or giving money.

* Financial egotism is living beyond your means or downplaying your personal wealth. The two extremes demonstrate an general lack of financial health and honesty.

*Financial anorexia is the opposite extreme of financial binging. It’s an over reaction on the less is better side. If you can afford a better lifestyle, and you’re not taking care of yourself, that’s financial anorexia.

Whether you’re poor or rich, you can have a healthy relationship with money. Says Kahler: “The most important way to help children is to make your relationship with money healthy.”