Money and Children: Don’t Let The Economy Frighten Your Children
Many people don’t have enough money to maintain their lifestyle. They turn to credit cards to make ends meet, and their children are beginning to notice. According to the Federal Reserve, borrowing from credit cards and other unsecured lines of credit rose to $937.5 billion.
Children notice changes at home. When parents start to alter their spending habits, no more Friday pizza or renting movies for example, it sends a message that something could be wrong.
Parents need to sit down and talk with their kids about money
Be honest but don’t be all doom and gloom. To make this task easier, the experts at Consolidated Credit Counseling Services have created a booklet “Talking Money with Your Kids”. The free booklet gives parents guidelines on how to approach money topics with children.
For more information, visit consolidatedcredit.org.