finances-how much to discuss?

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We havce a disagreemnt on this issue. I feel we should not discuss our financal situation in front of our son at all. Come on he think we are paupers now. He dreams of growing upo and earning lots of money so that he can buy himself lots of toys. He is seven at present. I grew u in a home where money was neve discussed in front of us but we knew what our parents could afford and could not afford. somehow we never demanded much. My hubby has been raised in a home where money is a big thing and its spent with lot of careful planning and discussions. questions are asked why one needs money and what is the need for purchasing a thing like that. in my home oney was left in a box and we just told our parents why we took it and how much we took. without them askig and pondering over it. we never spend more than what we should have. I feel it should not be a continuous on going discussion in my home too. it might have a negative imapct on my son's psyche-he may grow up valuing it more than he should-I mean wanting to accumulate it needlessly. having an apetite to have lots of it because of the way its discussed by my hubby. like cost of his toys and why cant we afford it or cost of grovery list and how much we saved on it etc. he dscusses everything with him. He gives him money but never lets him spend it the way he wants to-it should be spent on educative things like books andnot toys my son desires. I feel if its his allowance once in a while he should be allowed to treat himself too. may be not everytime. he sees toys at other kids places and wants to have them but he is not allowed to. I keep quiet for the sake of peace but its now bothering me and I am too worried. His unfulfilled desires may lead him to a negative path-am I worrying needlessly? can anyone help me?