3: Analyze Your Circumstances

Work With Your Family

ABC blocks

Whether you are in a financial crisis or not, get your family involved to help make budget cuts to family spending.

  • Brainstorm. Work together to come up with ideas for saving on utilities, eating at home more often or generating extra household income. Family members might be able to offer suggestions for cost savings that you might overlook. 
  • Talk to your children. Be honest in your conversations about money, answer questions they might have, teach by example and let older children help by earning spending money. Watch what you say, however, because children can get worried too. 

Are You Ready to Have "The Talk?"

SAM tips

Get tips for talking with kids about money in SAM’s Family and Finances topic section.

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