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I and my husband discuss our finances openly and most of our accounts are held jointly with only separate accounts where there is a tax advantage to doing so.
Our youngest daughter (a solicitor) and her husband are financially stable even though she's given up work currently to be at home for her 3 boys under the age of 5. Her husband has a good job and they seem to want for nothing so no worries there.
However my oldest daughter (currently on maternity leave with he second child) and her older partner give us lots to worry about as their finances are separate and bills are deemed to be the responsibility of one of the other and they frequently "borrow" of each to pay them. She's pays the lion's share of the mortgage which is in his name and all of the lease on their 4 year old car which they've had from new and not renegotiated a new deal. It gives us many sleepless nights but we' dare not raise the issue

The lockdown last year changed our mind about money. We helped one adult child with two small children move from a flat to a house with a garden. We had always said we would give each child the same but as the other two didn't need help we helped the one in need. The other two have been fine with this. .

My late husband, who was one of the most organised people I have ever known, died very suddenly in his early fifties. The shock was horrific and for some reason he did not have a will which made everything so much harder. My youngest son knows exactly where my will and all necessary papers are (my older son is not the most responsible person and I feel I could trust my younger son to deal with everything). Both sons were brought up to understand money but the older one seems to have zero money sense and lurches between having no money to looking at buying a massive (6 bedrooms!) house, with no funds to back it up. The younger one is more money conscious (thankfully) although he did go through a few years of running around with some boys from wealthier families which was difficult. My late husband and I were cautious with money because we had so little when we first met. There does seem to be a culture of get something now and pay for it later which is worrying. I always tell my boys to put some money away but do worry about if it sinks in.

I have always believed if I follow an enjoyable but frugal lifestyle I can afford to be outrageously generous periodically, this way of life brings me joy with my money. I'm glad that my daughter is also frugal and generous with her money.

I have had to talk to my family about their money situation, not an easy conversation, wish I wasn't a worrier

I'm widowed and have no children, so my house will be divided between my two nephews and the rest of the estate is in my will. My sister has a copy of it and I will be sorting out the paperwork for my pension/bank accounts/premium bonds etc with passwords and giving them to her as well.

We have always involved our adult children in discussions about money, and they know how to cut back when times are tough. however, with our youngest at Uni and the student loan barely paying the rent and nothing elses, I think a lot of learning is still going on.

We have always talked openly about money with our daughter. We started as soon as she was old enough to start asking for things. Pocket money could be divided and spent on treats and saved for holidays. On holiday she divided her money into daily amounts and learned to spend accordingly.
As an adult she is now very sensible with money - regularly looking for the best deals for her mobile phone, the internet, bank accounts which give the best interest.
The latest she is saving is money saved while working from home being put on one side for when she and her husband have a baby

My father although 95 shortly insists on getting his state pension each week in cash from his local post offiice. He has no property to leave + mother in law the same as both in rented flats. Ourselves have made our Wills. My daughter knows where it is plus all of our relevant information of the ISA, Premium Bonds + which bank/building society we have account at. Our son has been previously a nightmare with money who started to gamble and his partner controls all their money with his wages paid into her bank account. I would if left on my own after my husband died consider this card for my daughter to order any items for me or to pay for any shopping in-store or an on-line grocery shop. Think too many cards for people here with this Guardian card may end up to be confusing.

We sit down and talk to them openly and honestly and it seems to work

Be very careful when giving financial advice unless you know what you are talking about. Giving bad advice will come back on you and may lead to relationship breakdown. If large sum or pension is involved contact a Professional.

My husband was an accountant so he advised our elder daughter about money and saving when she started working.

I have done the same as glammananna and written all our accounts, passwords and codes down for my step daughter so that she can access our money without hindrance. My sister lost her husband at 56 and found this to be a problem and so she advised me to do this. Good advice for everyone!

Spend half, save half.

My parents never ever discussed money with us five children. Mum always dealt with the financial side of things. They struggled at times for sure.
When I married at the age of 20 it was me that dealt with the money and managed very well. We weren't well off but comfortable.
Divorced and had three small children to raise on my own and 'cut my cloth according to my means' but really struggled at times for a lot of years but I wouldn't ever dream of asking my mum and dad for money. It's not in my nature to do that. Too proud.
Children now in their 30's and 40's, they earn their own money. Without any advice from me, they have always worked and managed their own affairs using their own common sense.
Without asking, they tell me about things they've bought, how much savings they have. None use credit cards. Cars are paid for in cash. I don't pry into their finances, they freely tell me in conversation.
The only advice I have given recently is for them to save as much as they can so they can retire early.
I'm proud of them.

Daughter is now a teenager but from an early age we have taught her the value of money. When she was 5 we were at a Disney show and she wanted a Disney princess doll. We had allowed her to take £10 of her money to spend. The doll was £16. She cried when I told her it was too expensive but calmed down when I told her the same doll was £6 in the supermarket. From then on, like me, she is always shopping around before buying!

My family are sensible with money and spend within their means as they were all taught from a young age

I feel with the increased availability of high interest loans & credit cards, it is easier than ever to find yourself in debt. Even though when one takes out such a product, they may be able to manage the repayments, it only takes a change in circumstances to render those payments unaffordable. Interest & late payment fees can quickly rack up.
I try to edcuate my family on finances as much as possible & encourage open conversation - if anyone is struggling, I would rather we try to find a solution together than have them seek a high interest loan in desperation.
My husband & I have made a will & our son is aware of this.
The GuardianCard sounds an excellent option to enable trusted friends & family to assist with making payments, etc when that support is needed.

We are always very open and honest with our children about money as my parents weren’t and because of that I struggled with money a lot as a teenager and in my early adult years. I don’t want my children to worry about money like I did so that’s why we make sure they have good advice and they know all the options available to them.

Have given advise to children, did not really understand as teenagers but now in there twenties are listening and are becoming a lot better at budgeting

My discussion was about pension for grandson, I think the young will find funding a good pension expensive

Our adult children are financially competent - though both very different in their attitude towards money. One likes to save and loves a bargain, not wasting money on anything. The other is less concerned about spending money - though doesn't have a lot of spare cash. I find it interesting that their attitudes are so different, even though they were brought up in the same household. We hold power of attorney for my 96 year old father, though at the moment he is perfectly capable of managing his finances himself.

Growing up in a house with very little money taught me early on how important it was to save whn possible and stay within your budget. Now, I am careful, but not to a silly extent - what's the point of driving miles to save a few pence?

My father gave me access to his accounts so I could sort things out and my mother gave me Power of Attorney, which made life much easier.

As the bread winner I managed all the money in our household because my husband retired some years ago. Now however, due to the pandemic my business has closed down so I am constantly telling my husband to switch of lights and TVs when he leaves the room. Shopping is easy to manage as my husband is shielding so I buy what we need, not necessarily what we want. I also advise my son about saving for a mortgage although this often falls on deaf ears!

We've always talked about it quite openly, so have never felt like it is a taboo or awkward subject.