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This recession may be on an upswing (or it may not) but we all know that it is not yet over. You may yet be facing a tough economic situation, whether through denied credit or the loss of a job. If you are a parent, you are going to have to figure out how to tell your children the news without frightening them. Here are some tips to help you help your children understand this recession.
Be Honest
Telling your children that you lost your job is not going to be easy, but you need to be honest. Your kids are going to figure it out anyways, when you stop leaving for work in the morning. If you and your spouse are having whispered conversations outside of their earshot, they are going to be even more worried. They will know that something is wrong, and they may think they have caused a problem since you are not telling them. Be honest, but tactful.
Be Age Appropriate
If your kids are not yet in school, they have no real concept of money and how money works. They think you simply go to the bank and get the money you need. You will need to start the conversation with a discussion about work and how it brings money to the family.
If your children are older, they understand this context. However, this means they will probably worry. Some older children may even assume that because you are going to lose your job, they are going to be homeless. Reassuring them is essential to their psychological well being.
Be Clear About the Future
Make sure your kids know that you are going to be fine. Let them know about your savings accounts, and tell them that there will be money for food and shelter. However, make sure they understand that you are going to have to cut back on some of the extras. You might not have money to buy them new toys or the latest fashions, but if you work together as a family you will be fine.
When you start the job hunt, let the kids in on what you are doing. They need to see mom or dad out there trying to find work. This will teach them to value the jobs they have in the future.
If your kids seem to be worrying, make sure you let them know that you and your spouse are going to think through everything. Tell them it is not their responsibility to figure out what to do next. You need to help them feel secure that their parents have a plan.
If you do not have a plan, don’t let your kids know this. They need security in this insecure time. However, make sure they do understand that times will be tough for a while. Children sense fake smiles and positive attitudes, so don’t try too hard to put on a facade for them.
You can let them know that you are a little worried, as long as you do so in a positive manner. Your attitude will rub off on your children. If you need to have a long cry, do it after they are in bed. Remember, your job is to create a stable, loving and supported environment for your kids, even in unstable economic times.
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