When a family is accustomed to enjoying the luxuries or finer things in
life, financial problems become a humongous blow, even rendering a family
paralyzed or immobile. Debts can cause immense strain on the family. Instead of
communicating a solution, husbands and wives spend most days shouting or
throwing objects at each other.
Solutions:
- Obviously, children must know that there are no resources at that time to acquire certain things, and they must learn to assimilate it. However, it is important that parents do not transmit that it is a "serious problem" that they are going through as a family
- Parents must convey to their children that they are pillars and that
they can lean on them
- You have to calculate the weight of loans in this new family economy that is much tighter. If those loans far exceed 30% of monthly net income, they take action, always assessing how much of that percentage is spent, and try to redirect those debts.
- save and reduce expenses, set budgets and calculate family expenses
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