When you have to cut back and doing so dips into things that affect your children in some specific way, how do you explain it to them? Do you open up about your finances and your limits and other underlying issues (debt, risk of job loss, unemployment, etc.)?
I'm finding that some things are so deeply embedded into life now that cutting back seems to be more of a sacrifice than it was in the past and teens especially are affected more and more by not having things that have become so much a part of life. Internet access, computers and cell phones particularly come to mind.