Introduction

Whether as a direct result of the Credit Crunch or due to other factors, you’ve found yourself in debt. The situation has been faced and help sought. Now all that‘s left is to tell the children.

It is important to keep them informed. Children have very active imaginations and depending on their natural disposition, might have you living on the streets wearing rags already. The information you give them has to be tailored to their age and character. As a parent you will know best what your child will be able to cope with.

It will probably be best not to tell younger children anything more than that money is a bit tight at the moment, but you love them more than all the money in the world. If you’ve lost your job, then your children will be wondering why you are at home and you will need to talk about that. Isn’t it fun to be able to go to the park together?

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