"Why can't I have it?" a screaming child protests in a store.
Children may not necessarily understand the added strain that is put on the family when finances are thin, so it’s important to communicate with children during difficult times, according to a recent article on The Christian Broadcasting Network.
"Make the explanation about tough economic times age-appropriate," Linda Mintle, a marriage and family therapist, said in the article. "Tell your children that daddy is looking for a new job. In the meantime, you will need to cut back on some of your wants versus needs."
In addition to cutting extra expenses, Mintle suggests using an emergency fund, staying positive and grateful and actively looking for a job.
"The most important thing to convey is that they will be taken care of and your family will make it through this difficult time," Mintle said. "Job loss will mean less spending, but so much of what we spend money on is about wants and desires versus true need."
- Syracuse man develops router to keep Internet...
- What 'The Office' teaches us about job...
- UTA board approves new pay plan for...
- FDA to scrutinize unproven alternative remedies
- Gillette company does work for NASA
- Salt Lake City to become next Google Fiber city
- UDOT campaigning to reduce work zone crashes
- Internet outages reveal gaps in US broadband...
- Salt Lake City to become next Google... 17
- UTA board approves new pay plan for... 11
- Why you should begin planning for... 9
- AP Investigation: Slavery taints global... 6
- Oil council: Shale won't last, Arctic... 3
- The middle class has had a rough couple... 2
- Stericycle medical waste incinerator... 2
- 2015 mortgage rate trends: What house... 1