I've always been curious about how best to approach this with children. My parents hid all their money problems from us because they didn't want to freak us out

I've always been curious about how best to approach this with children. My parents hid all their money problems from us because they didn't want to freak us out. On one hand, I respect this discipline. On the other hand, I feel it allows kids to grow up without knowing how important it is to budget. I think I would rather know the truth, even if it freaked me out because it allows kids to have a distorted view of money and there will be a huge wakeup call when they become an adult.