When it comes to kids, money and families in crisis, there are a few points to remember, she said. Talk with family members openly and honestly, including children, about the situation and what steps are being taken to improve it. Each family member will need to be patient and understand that the financial crisis won't last forever. Include family members in the decision-making process. Reassure children that they didn't cause the family's financial crisis, and they don't have to solve it themselves.
Children tend to magnify a crisis.
Reassure them that they are loved, and the family won't break up.