Should you break the news to your kids that you lost your job?
Has your family experienced a significant set back such as job loss? The temptation for many is to protect kids from the bad news. But that may not be such a great idea on many levels according to Jolene Godfrey, author of Raising Financially Fit Kids. “Turns out that kids have very powerful fantasy lives and when parents don’t tell them the truth, they make things up. So what I tell families is this is the moment to pull together, this is the moment to say “look, we’re the grown-ups, we’re going to handle this, don’t worry about it that way, but here’s how you can contribute”. The idea that the job loss or tightening of the belt is disconnected entirely from children’s lives, I think, is unfair. It’s disrespectful of children, it’s telling them you’re not taking them seriously and it frankly prevents them from being really active contributing members of the family.”
The Parent Report’s guest expert is Joline Godfrey, CEO of Independent Means and author of Raising Financially Fit Kids.
From the nationally syndicated radio show “The Parent Report”, hosted by Joanne Wilson and heard on more than 100 radio stations. Any advice or information contained herein should never be a substitute for professional and/or medical advice, diagnosis and treatment. For more information please review Terms of Service