Building a family is not an easy thing, as well as educating and raising children. There are many things that need to be educated so that children grow up having good and mature traits and personalities. As a parent, it may be difficult to sort out which types of problems need to be communicated to the child, and which ones do not. One problem that is still in doubt is whether children should know we are in debt, need to communicate or not when parents are in debt or entangled in bank debt. Moreover, one of the bad effects that may occur is when the child starts blaming himself for the conditions that are happening. Therefore, there are several factors that need to be considered before deciding to notify the child about the financial conditions being faced.
AGE & ADMINISTRATION OF CHILDREN
It cannot be denied that age factors are of course very influential to see children’s readiness. According to Clark Howard, the author of Clark Smart Parents, Clark Smart Kids, which was quoted from The Simple Dollar , is not good if you tell the problem of your debt to children aged <12 years. This can increase insecurity in the child’s personality that is. Therefore, if you are ready to communicate debt problems, it will be better to do it with children in their teens and young adults.
However as big as your child’s age is now, it’s not good if the child still doesn’t have personality maturity. Only you know the condition of the child, so always consider whether the steps to communicating debt problems can be a good choice, and what negative effects have the potential to arise for your child’s emotional condition.
CHILDREN’S PERSONAL PROBLEMS
One thing that is not less important is knowing the personal problems that children are currently facing. Find out if your child is facing problems at school or with friends. If yes, whether by telling the debt problems faced by the family at this time can actually add to the emotional burden. In addition, can your child understand that with current financial conditions, he can no longer shop and live comfortably as before.
When you are a child who has age readiness and emotional condition, the next step is to communicate the debt problems that are being faced to them. Communicating debt is not to children is not an easy matter, so refer to the following steps before doing so.
FOR THE FIXED CHILDREN FEEL QUIET
Communicate the debt problem that is being faced through calm family discussions. For children, they still feel safe, even though the current financial conditions are different from before. Of course, keep them comfortable, make sure that everything will be fine and they don’t need to be afraid of anything. Convey financial problems transparently with the language they understand (according to age), the important thing is that they can capture the essence of the family’s financial problems that are currently being passed.
PULL THE HIKMAH THAT CAN BE TAKEN
Every problem faced is of course not separated from the lessons that can be learned. As with the debt problem, of course you can get a big lesson from this problem, right? Communicate this to your child, invite them to actively participate in knowing the lessons that can be taken. Lessons you can teach, for example, about the importance of being careful in managing finances, how important intelligence is in managing expenses, the importance of saving, and of course how credit cards can act as double-edged swords. ( Also read: Here’s How to Evaluate Your Monthly Expenditures.
CONDITIONS WILL CHANGE
Explain to your child that things will change, that at this time your family is being obliged to save expenses so that they cannot waste. Instead, you can invite children to do other activities that are fun but at lower prices, or visit free tourist attractions. Do things that are creative with children, so that they still feel that even if the financial conditions change, it does not mean they cannot enjoy a pleasant life too.
Financial problems are indeed sensitive and difficult things to communicate, in fact there is no right or wrong way to communicate them to children. The most important thing is to react wisely, and understand the child’s current condition. However, the positive impact that can be drawn, of course, is that there are discussions between parents and children, and children have a more mature way of thinking so that when they grow up they are wiser in addressing financial management so that they are not buried in similar problems.