Not too long ago, we talked about parenting in a recession and how to cope with the ups and downs as a family. But with the holidays less than two weeks away and many families still struggling with job and pay cuts, it may be time for another talk. Remember, no matter how hard you try to hide it, kids know stress. Ease their concerns and get them involved. Besides, it’s never too early to teach your kids about good personal finance and you might just learn a thing or two from them.
Here are a few ways to have a thrifty holiday with a little less stress:
- Talk to them early and often – reassure them and make it clear that the family is going to get smart about money
- Set goals and build a budget as a family
- Cash from grandma can be a great way to teach them about savings
- Have the kids help you brainstorm ways to cuts costs and save, they might surprise you
Check out The Beehive for a great section on money – how to save it, smarter ways to spend it, and all the tools you need to prepare for the unexpected.
