How to talk to children about your money worries - and whether to do it at all

  • 📰 i newspaper
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 89%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Should parents be up front with their children about their financial difficulties or should they attempt to shield them from it all? We've asked some experts ⤵️

“It could seem catastrophic to some, while [in others] it could trigger guilt about not being able to help or support their parents.”and essentials in the two weeks up 20 November which provides everyday essentials to children, says: “If children can understand that so many of the current financial difficulties are out of the direct control of their parents this may reduce the stigma they might feel and make them feel less alone in their individual situation.

Kate says her experience has impacted her approach to parenting her daughter. “There is a delicate balance to strike between being truthful with our children when needed and making them feel responsible for solving financial problems.”Psychologist Joshi says sharing the issues in a way that is not overwhelming will help them feel informed and involved without burdening them – as Kate experienced.

Hill says there are ways of being honest without causing unnecessary anxiety: “The more you can talk to them about why things like higher bills mean other activities may have to be put on hold, the better they will understand and feel empowered that they are part of these more ‘grown-up’ conversations.”

In 2013 behaviour experts from Cambridge University found that our money habits are basically formed by the age of seven. The study said that adults should start teaching children good money habits as soon as they learn that money is used to buy things.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gogglebox’s Pete Sandiford announces exciting baby news – a year after first childGogglebox fans have gone wild after Pete Sandiford revealed he was expecting his second child on the Channel 4 show. Read more on heat.
Source: heatworld - 🏆 110. / 51 Read more »

Cambridgeshire Police did not act on child sex abuse images, says reportCambridgeshire Police was made aware of a father of girls possessing child sexual abuse images, a report says.
Source: BBCNews - 🏆 3. / 97 Read more »

Judi Love urges 'parents to learn Strep A symptoms' amid further child deathsEXCLUSIVE: Comedian and mother-of-two Judi Love has her say on the concerning Strep A epidemic, which has sadly taken the lives of 15 children under the age of 15 in the UK
Source: OK_Magazine - 🏆 12. / 84 Read more »

Former CNN Producer Pleads Guilty to Child Sex Charge in DealA former CNN television producer pleaded guilty Monday in federal court to using interstate commerce to entice and coerce a 9-year-old girl to engage in sexual activity at his Vermont ski house. As part of the plea deal, the government will drop the two remaining counts of enticement of a minor against John Griffin, 45, of Stamford, Connecticut. According to…
Source: NECN - 🏆 20. / 71 Read more »

Garden searched for human remains after man and woman charged over death of childCOPS have charged two people and are searching a property for human remains as part of an investigation into the death of a child in 2020. West Midland Police confirmed that they had begun searchin…
Source: TheSun - 🏆 64. / 61 Read more »