Are you feeling like you have to keep it a secret from your kids that times are tough financially? Don’t. Studies show that kids as young as toddlers, can sense when there’s a crisis, whether you say anything or not. Sometimes it’s even worse to keep things from your kids because they’ll start assuming the worst.
It’s entirely possible to make it through this tough time without feeling guilty or stressed. Sometimes it’s just a matter of weathering through the storm. Here are some of the best tips for how to help your kids cope with having restricted finances suddenly.
Consider Their Age
When explaining what the circumstances are, try to avoid words which could confuse them. Whatever the reason is for your pressed finances whether you had to stop working due to injury or you got hit with an unexpected bill, try to use words which they’ll understand. Try to avoid words like downsizing, which mean absolutely nothing to them if they’re younger.
Instead, say something which resonates with their current life experience. Explain to them that you have less money right now because you had to pay for a lot of things. Or you can say point blank that you don’t have a job. Just make sure that you reassure them that everything will be ok and you’re working on improving the situation. Allow them to ask any questions they need to ask. You may find that the older they are, the more details they’ll require.
Don’t Show Them Your Stress
It’s natural to feel angry or stressed when you are worried about money. But don’t allow your children to see you sweat. Doing so will only cause them to worry and imitate your behaviors.
If you must vent, be sure to do it when they’re not around. If children see you feeling upset, they may start to blame themselves for how you’re feeling. You’re better off trying to control the way you express your feelings around them for their well-being.
Create a Plan Together
The sudden change to your home life may be upsetting, so the most important thing that you can provide for them is security. Make sure they know a plan is underway, and this rough patch won’t last forever.
The younger they are, the simpler your plan can be explained, while older children will probably want to know more details about what to expect during the process.
They should still have a consistent routine and feel like nothing has changed other than what’s in the bank. They even have a roof over their heads and parents who love them.
Allow Them To Help
Often when children hear that money is tight, they’ll offer their piggy bank or allowance money. Even though your first instinct may be to smile at how adorable their gesture is, it will make them feel more empowered if you allow them to help.
Give them lists of how they can contribute to helping be a part of the solution. Allow them to feel like they’re making a difference and will make them feel less detached and helpless.
Leave a Reply