How to tell your kids you just can't afford it

How do you teach children the realities of what you can afford without stressing them out. And if money isn’t tight, how do we curb their entitlement?

Maggie Dent asks finance author and mum Effie Zahos how and when to talk to kids honestly about your cashflow, the costs of running a family and what to say if you’re struggling to pay your bills and need to cut back on the fun stuff.

The advice provided in this podcast is general in nature and does not take into account your personal situation. If you require further advice specific to your needs please consult a professional.

• Host: Maggie Dent
• Producer: Josie Sargent
• Consulting Producer: Carmen Myler
• Executive Producer: Kim Lester
• Sound design: Isabella Tropiano
• Field recordings: Rebecca McLaren