Your children need to be aware of your financial difficulties.

They need to know clearly if economic conditions prevent you from fulfilling their wishes.

If you raise your children without spoiling them from a young age, they will already learn that they cannot always get everything they want, and in times of financial hardship, they will be more understanding and supportive, not selfish, and will learn that you are all there for each other.

It is important to remind them that learning to save money is crucial for this reason.

If necessary, it is okay to show them how much money has decreased in their bank account.

There will be a difference in how well a first-grade child understands the extent of your economic crisis compared to a third-grade child.

When explaining, spend one minute for each grade level; for example, three minutes is enough for a third-grade child. Explain to them that they shouldn't get stressed out during this difficult period, and that their responsibility, if they are attending school, is to continue studying their lessons to the best of their ability.