Talk to kids about finances

Posted by: Scarlett Lu

74% of parents say that recession has increased stressed in their families, 33% say their children have expressed concern.

When parents are struggling with their finances, it affects their children as well. Children may suffer from anxiety or depression when they see their parents fighting about money. Parents who are unemployed often have bill collectors come to their homes and disturbing their children’s comfortable lifestyles.

It’s difficult to raise children when you are struggling financially. You will not be able to give your child everything they want or provide enough nutrition for them. To save money families often times move to neighborhoods that may not have the best environment for their kids. The environment your child grows up in affects their lives.

Adults may not realize that their children know more than they think they do. Kids know when their parents are having problems; instead of hiding their financial problems parents should talk to their kids about their money issues. Explain to your child that you are going through a difficult time and need to save money now. Kids often like to contribute in helping their families; he or she may help think of ways their family can save money.

http://shine.yahoo.com/channel/life/talking-to-kids-about-money-troubles-504869

http://www.aikenstandard.com/Nation/0908-finances-and-kids

http://www.newsguide.us/education/Honesty-is-the-Best-Policy-Parents-Should-Talk-to-Their-Kids-About-Money-Stress-So-That-They-Don-t-Get-Mixed-Messages/