Financial Problems: How to Tell the Children When the Finances is Tight
February 12th, 2010
Everybody speaks on money in these days: the houses are not assigning value; more families are facing the implementation of their mortgages; the price of gas, energy and the account of supermarket are rising; and the uncertainty about when improve things makes all conform the belts.
But how do parents to explain all this to their children of secondary school and outstanding of fashion? And what of adolescents with their dreams of attending a university outside the state or have a new car?
What to say
Be honest with their children, but not told more than they need to know. Avoid burdening older children with too many details or concerns that could scare. Provide brief explanations and is clear with regard to the changes that suffered the family budget.
Even the youngest children have brand awareness and consumption in these days, so do not expect voluntarily lower the level of their tastes or activities immediately. But if wants to promote a conduct budget, incentives for children to enable them to participate.
If it is clear what to say, the changes that will be produced and how these changes will affect children, this task will be easier.
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Categories: Financial Education
