Talk To Your Kids About Money Issues

Talk about the economy is far from over, and if you haven’t already, it’s important to speak to your kids about it. Kids hear what’s going on from their friends, school, neighbors, etc. And chances are, if money is tight and it’s worrying you, it’s probably worrying your kids too.

When the moment is right, calmly discuss news about unemployment or belt-tightening and any concerns with your children. Make sure your conversation is age-appropriate and light. Here are some tips to consider when talking to your kids about money issues:

  • Keep talking! If economic problems continue, children may need periodic updates about what’s happening.
  • Listen to your children’s concerns.
  • Reassure children that it is perfectly normal to feel anxious about current economic troubles.
  • Emphasize that you are actively addressing the family’s financial situation.
  • Use job loss to teach children about the wisdom of saving money.
  • Accentuate the positive, including the strength of your family’s love.

For more tips on this timely topic, click here: http://www.choc.org/publications/articles.cfm?id=P00303&pub=KH&aid=513

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