Talk to your kids about difficulties you might be having and assure them that you are working to make things alright. Enlist them to help - they typically want to be involved. Give them simple things to do (e.g. don't run the water while brushing teeth, turn lights off when you leave a room). Use Ms. Schellenbarger's article as a guide for your conversations and, if you still don't believe that involving your kids is important, look at they study she cites about the importance of focusing on the family in times of distress. Your problems are your family's problems. Face them together as a family.
Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts
Wednesday, April 22, 2009
Financial Distress? Focus on Family
"I don't want my kids to be stressed about our financial situation. They're too young." One mom said this to me at a recent event and because it has become such a common refrain, I felt that I needed to highlight a post I made about Sue Schellenbarger's WSJ article last September. It's even more relevant today. Many families are in serious financial distress and a common reaction to this is to shield the kids. This is virtually impossible to do. Your kids are going to feel your stress and if you don't explain to them what's going on, they'll make their own leaps.
Thursday, August 28, 2008
Stand Strong
On the path we are traveling to teach our children (this generation) to be smart with money, we must be relentless. When your friend tells you to "lighten up" and "just let them be kids," stand strong and tell them that amassing an army of toys is not being a kid. Turning a discarded box into a home for your dolls - that's being a kid.
When you feel guilty that you gauged the success of your birthday or the holidays by the volume of the haul (yep, that would be me too), stand stand strong and realize that you were enlightened by going down that path. You know that going down that road is like playing an unwinnable game. If you don't want to shower your child with gifts (from you or anyone else), don't let it happen. I know it's not easy, but it's your choice. Stand strong.
And when you see a behavior that you don't like, help them to change it. If you think YOU might be the cause of the behavior, stand strong and work it out together. I remember when my daughter first used an unacceptable word (I'll admit that I felt a pang of pride that she used it in context...but that's not the point). It was obvious to my wife and I that she had learned it, surprise, from us. So, in order to avoid looking like hypocrites, we decided that anyone (mom, dad, her) who used that word would be sent to time out. Our method worked (it's nice when ONE of your method's works). If you think your behaviors might be negatively influencing your kids, change them.
A root cause of this country's current financial crisis is lack of education. It's time to teach our kids to be money smart. The premise is simple - save, share and spend SMART. Because the pressure to simply spend is so great, though, the execution is difficult. We're in this together. Stand strong and believe that we can help our kids.
When you feel guilty that you gauged the success of your birthday or the holidays by the volume of the haul (yep, that would be me too), stand stand strong and realize that you were enlightened by going down that path. You know that going down that road is like playing an unwinnable game. If you don't want to shower your child with gifts (from you or anyone else), don't let it happen. I know it's not easy, but it's your choice. Stand strong.
And when you see a behavior that you don't like, help them to change it. If you think YOU might be the cause of the behavior, stand strong and work it out together. I remember when my daughter first used an unacceptable word (I'll admit that I felt a pang of pride that she used it in context...but that's not the point). It was obvious to my wife and I that she had learned it, surprise, from us. So, in order to avoid looking like hypocrites, we decided that anyone (mom, dad, her) who used that word would be sent to time out. Our method worked (it's nice when ONE of your method's works). If you think your behaviors might be negatively influencing your kids, change them.
A root cause of this country's current financial crisis is lack of education. It's time to teach our kids to be money smart. The premise is simple - save, share and spend SMART. Because the pressure to simply spend is so great, though, the execution is difficult. We're in this together. Stand strong and believe that we can help our kids.
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