Economic problems can be a life-changing moment for children, and fighting about money in front of your children can influence how they view money and family for the rest of their lives. Worrying about financial security isn't your child's job, it's yours.

It's also your responsibility to teach them the true meaning of family. When your children are older, they're going to look back at the tough economic times you faced and either say, "That was a time our family completely fell apart," or "My parents, they showed us what real family is all about." They will carry that message for the rest of their lives.

Instead of fighting with one another, join forces and fight together against the world—your kids are depending on it. By doing so, you're going to set them up for success their entire lives. Sit down with your children and start a conversation. If you can reassure them, they will not be traumatized. When they know that you're in charge, they will be calm. It's your job to make that happen.

Use this script to have a money talk with your kids.


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