You cannot protect children from financial anxiety in the home, and it may be harmful to try. Children will sense adults’ worries and become worried themselves, even before obvious changes in family circumstances.

Saying nothing can heighten a child’s fear. They may wonder what horrible secret you are keeping or whether they have done something wrong. On the other hand, sharing too many details can give a child even more to worry about.

Assure children that you, the adults, are fine. You might say, “We’re in a tough spot at the moment, but we are going to work it out.” Remind them that your family has each other, and that is the most important thing.

Encourage children to ask questions about how their lives will be affected by financial changes, and answer honestly. Connect economic events around you, such as teacher layoffs or rising prices, to help children understand your family’s problems are neither isolated nor unique. Give children ways to help. Invite them to suggest cuts in family spending, and try to honor their ideas.

Money problems do offer a gift: Take this opportunity to build children’s resiliency by modeling spiritually solid, resilient behaviors. For example, do not hesitate to ask for help and to offer it in your neighborhood and social networks. Display grace and self-confidence when you do so. Cultivate an attitude of gratitude for all the resources you have.