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Parenting Dilemma: To Tell or Not To Tell Kids About Debt

Modified on May 2, 2018 at 10:50 AM

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 Should You Tell Your Kids About Debt?

Should You Tell Your Kids about Your Debt Consolidation Loan?

Parenting is a challenging task. It is quite a difficult job because there is no appropriate instruction manual or playbook to guide you and tell you what could be the best way of handling each situation. One of the highly debated issues and a parenting dilemma is whether one should discuss debts, loans, and finance issues with kids.  Do the children need to be told about the fact that the family is reeling under heavy debts?

There are diverse opinions relating to this topic. Many child psychologists believe that children should not be involved in serious money matters. They are helpless and they would be petrified to know about the financial crisis in the family. Kids are susceptible to fears and they should be safeguarded from all worries including debt worries and tension. They need to feel safe and secure in their parents’ company. No need to unnecessarily confuse or scare them with discussions of financial problems.

Contrary to the above opinion, there is another school of thought. Here experts feel that it is vital to teach your kids about money. Moreover, your children are able to sense that you are going through some anxiety or stress when you are experiencing tough times. Let them know otherwise, they would be worrying anyways. As per the study conducted by the American Psychological Association survey around 91 percent of the kids admitted that they know and understand when their parents seem to be going through stress. You must seek professional assistance from nationaldebtrelief.com to learn more and know your facts clearly before discussing them with your kids.

money dollar bill

Benefits of Discussing Family Debt Issues with Children

No More Confusion: It is better to tell your kids the truth about financial matters as they are able to sense your stress and discomfort. Inform them about the current situation and explain to them that things would be soon under control and there is no need to feel scared. You are there to take care of them and their needs.

A Great Learning Opportunity: This is a perfect opportunity for your children to learn about the importance of money, savings, bills, and ways to manage money effectively.

Determine Priority: Under these stressful circumstances, you tend to realize and understand what is most important to you in life. You must teach your children that life and happiness are not always about material things like extravagant family vacations, outings, expensive clothes, and toys etc. They must be told that the real happiness in life comes from little things and relishing simple moments. The most crucial things in life are good health, family, and friends.

family

Negative Implications of Discussing Debt Issues with Your Kids

Unnecessary Anxiety & Stress for Kids: Children feel insecure and anxious when they are told about debts, financial problems, and hardships. Kids would be confused and they would be filled with fear and resentment. They may lose their appetite, become insomniac, and may experience nightmares. These are the signs of excessive anxiety and stress. You must keep monitoring your kid’s health and take note of any behavioral issues.

Imaginations Would Run Wild: Children would think of extreme situations. They would be disturbed emotionally as they would start thinking about their parents getting divorced, or they would not be able to buy and provide the basic needs of the kids. They would not be sharing these fears with their parents. This could prove to be emotionally disastrous.

 

Often children are too small to appreciate that family crises must not be discussed with and disclosed to everybody. Your privacy may get jeopardized so be sure to take that into consideration before discussing your finances with your children.

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Posted By The Fashionable Housewife
on May 2, 2018 at 10:50 AM
Filed Under: Finances
Tagged With: consolidation loan, debt, finances, loan, loans, online loan, Parenting

About The Fashionable Housewife

Sarah-Jean Ballard is the Editor in Chief of The Fashionable Housewife blog and Founder of Fashionable Media. Married to a sexy Molecular Biologist, housewife, mom to 5, homeschooler, Certified Personal Nutritionist and entrepreneur who's mission is to help moms just like you look and feel GREAT! Other interests include dancing, yoga, positive intactivism, natural birth and breastfeeding support, babywearing, paleo & gluten-free cooking, and promoting an overall healthy lifestyle to all.

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LIKE + SHARE if you needed this reminder to slow down and have fun! 

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What they remember about their childhood is in you What they remember about their childhood is in your hands 🫶🏻

#motherhood #motherhoodrising #motherhoodunplugged #motherhoodthroughinstagram #motherhoodintheraw
This is what our homeschool looks like sometimes. This is what our homeschool looks like sometimes. 🥳

Can’t believe my oldest son is 13 and outside helping dad do home projects like building a new deck. 🤯 Seems like yesterday he was in his walker on this back deck and it looked a lot better 😂

Thankful that @homedepot has great prices so we could finally afford to do this home reno project! 💪🏻🎉

#motherhood #motherhoodunplugged #hereisourhomeschool #motherhoodthroughinstagram
My first born son turned 13 years old today. 😱 My first born son turned 13 years old today. 😱

Somebody hold me. 😭

I asked him if he could stay 12 for one more year but he didn’t like that idea. 😒 Was worth a shot, right? 

Scroll for the outtakes 😂😂😂

This kid blows me away daily and makes me so proud to be his mom. I don’t have enough words to describe how much I love this child. 😭

Drop a comment and wish this boy a happy birthday! 🎉🎂 

#homeschoollife #homeschoolfamily #momlife #momlifeunfiltered #momlifeunplugged
Being a mom is hard. Being a mom and trying to sta Being a mom is hard. Being a mom and trying to stay healthy and fit is harder. 🏋🏼‍♀️🥵

Luckily, there are holistic wellness products that can help make the motherhood journey easier!

Lost Empire Herbs stands out as a remarkable family venture led by three health-conscious brothers who share a profound dedication to a wholesome, active lifestyle. 

Their journey began with a modest kitchen table and the introduction of pine pollen, but it has since evolved into something truly remarkable, exceeding all expectations.😱

What truly sets Lost Empire Herbs apart is their extensive collective knowledge, derived from years of hands-on experience, unwavering commitment, and a willingness to explore new horizons. Driven by a genuine desire to enhance lives, they made a resolute decision to make the benefits of these exceptional herbs accessible to a wider audience. 

Their primary focus revolves around offering hormonal support, a vital consideration given the prevalence of endocrine-disrupting compounds in today's world, although their scope extends beyond this singular realm. 🌱 

I'm genuinely enthused about the prospect of trying out their products, eagerly anticipating the chance to personally experience the transformative effects of these wellness herbs. The brothers' evident passion and expertise have left me intrigued and eager to embark on a journey towards total wellness, guided by the offerings of Lost Empire Herbs.

@lostempireherbs #lostempireherbs #holistichealth #holistichealing #holisticwellness #holisticlifestyle #motherhoodunplugged #motherhoodjourney #motherhoodthroughinstagram #unleashthepowerofnature #rootingforyourhealth #hormonehealth @apexdropofficial
Slow down a little and visit @storylandnh !! It s Slow down a little and visit @storylandnh !!

It seems like summer is almost over and you’re probably scrambling to get all the things done on your bucket list. But don’t forget to slow down and have some fun with your kids this summer!!

Story Land in Glen NH is a great way to make some beautiful summer memories with your family! If you live in the New England area, definitely plan a visit before summer slips through your fingers, mama! ☀️ 🏖️ 

LIKE + SHARE if you needed this reminder to slow down and have fun! 

#motherhoodunplugged #motherhoodjourney #momlifeunfiltered #motherhoodrising #motherhoodthroughinstagram
Looking for something fun to do in New Hampshire t Looking for something fun to do in New Hampshire this summer? Living Shores Aquarium in Glen NH is an indoor walk through adventure that allows your whole family to discover the wonders of the ocean year-round. 

The aquarium includes interactive tide pools, exhibits, and tons of immersive activities. See otters, touch sting rays and nibble fish, interact with tropical birds and so much more. They even have axolotls and sharks! There is so much to see. We spent over 3 hours exploring the exhibits! And of course we had to stop in the amazing gift shop before we left. Don’t miss it! 

Living Shores is a fun, interactive environment that is perfect for the whole family! If you’re going to visit the White Mountains this summer, definitely make time to stop at @livingshoresnh! 🐠 🐟 🦀 

COMMENT and tell me which part your kiddos would like the best! 👇🏻

 #familytime #motherhoodunplugged #momlifeunfiltered #whitemountains #familygoals #familyfriendly
Don’t be fooled. You don’t need the perfect br Don’t be fooled. You don’t need the perfect branch to hang a swing in your yard. All you need is a tree and Slackers Build A Branch!

I got mine from @bolderplay! 🥳

Would this product solve a common problem for you too?! Comment and let me know! 👇🏻

Motherhood is hard. Sometimes cool products make it easier! 💁🏼‍♀️

#motherhoodunplugged #motherhoodrising #momlifebelike #motherhoodthroughinstagram #motherhoodjourney
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