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Your first instinct may be to hide this from them, but trust me, they already know something is up. At the very least, they've noticed that you're suddenly home a lot more often.
Instead of leaving their imaginations to run wild, initiate a conversation. You'll want to tailor exactly how much you decide to share to their age, but in most cases you can simply explain what happened. "This isn't about sheltering them from changes, but being honest with them and even enlisting ideas and suggestions from the kids," says Nathan Dungan, founder of Share Save Spend.
Kids are remarkably resourceful and will likely come up with all kinds of suggestions for contributing to the household, from shoveling snow to mowing lawns. They'll want to be part of the solution. Teach them the value of a dollar.
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc. and its affiliated companies and entities is not responsible for any losses, damages or claims that may result from your financial or legal decisions.
