When money becomes scarce, the whole family, from young children to teens to
parents, can feel the pinch. Though family members may have limited or no control
over the causes of their financial difficulties, they can control their responses and
discuss money problems in a way that minimizes stress and anxiety in children.
• Parents can turn tough times into
learning situations. Help children
realize that managing money in
tough times requires communication,
patience and hard work. Also, assist
children …