Do You Talk With Your Kids About The Financial Crisis?

Photo credit: theritters

We do.

There’s no need to scare them, but kids need to know that the world is going through a major financial crises right now and that parents are trying to cut expenses. While we assured our children that they can expect their daily lives to continue pretty much as usual, we also emphasized that we are trying to spend less and make more responsible choices when it comes to our purchasing decisions.

Making the kids part of the decision process where appropriate (choosing which brand to but at the supermarket, for example and looking for items on sale) can help them feel in control and empowered.

I would say that kids at elementary school age are ready to learn a simple message such as “the entire world is trying to spend less and save more right now, and we are doing the same.”

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