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Explaining Foreclosure To Kids Isn’t Damaging To Their Psyche But Shocking Them On Moving Day Can Be

Explaining foreclosure to kids is usually the last thing most parents do while facing foreclosure. Facing foreclosure is emotionally tough for adults. It makes them feel weak. It also makes them feel like failures as parents. 

So they don’t tell their kids until moving day or until the sheriff comes to kick everyone out.

Most parents think it will be as rough on the kids as it is on them. That’s not necessarily true. Believe or not, kids usually know something is up. A stressed out mom and dad fighting all the time is usually a sign. They also handle it better than most adults.

So it’s best to just come clean and tell them that they will be moving soon. You don’t need to tell them everything but letting them know will make the move easier. Jayne Pearl, author of Kids and Money Guide to Resilient Children: Teaching Kids to Thrive in Any Economic Environment writes:

You don’t want the stress monster to start walking the halls of your home while you’re still there because children will conjure up scary scenarios about what could be wrong.

Read more at MFI-Miami

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