Episode description

Welcome to the latest episode of Let’s Talk Money and More Podcast, the podcast that's all about empowering you to take control of your finances. In this week's episode, we're talking all about our favourite topic: our children.

As you may know, I've been coaching a group of Year 10 students in Wiltshire for the past couple of years, and it's been an incredibly rewarding experience. In fact, helping young people develop a healthy relationship with money is one of my passions, and I'm excited to share some of the strategies I've used with you today.

We're going to cover some simple but effective strategies that parents can use to teach their children about money management and financial literacy. Whether you have a younger child or a teenager, it's never too early or too late to start. And trust me, with the right mindset and approach, you can help your kids become money-savvy in no time.

So, tune in and get ready to learn some valuable tips on raising money savvy children. It's going to be a great episode, and I can't wait to share it with you. Enjoy!

Key Takeaways

• Start early with simple concepts, such as giving children pocket money and teaching them about saving, spending, and giving
• Teach by example. Model good financial habits, be mindful of your spending and saving habits, and involve children in financial decision-making processes.
• Encourage entrepreneurship. Encouraging children to start their own businesses and earn their own money can be a great way to teach them about money management and financial responsibility.
• Use real-life examples. Discuss the cost and benefits of big-ticket purchases, teach them about the stock market and investing.
• Make it fun and interactive. Use games like Monopoly and online resources and apps to track spending and saving. Involve children in charitable giving and teach them about the importance of giving back to the community.

Sign up to my FREE Webinar ‘Raising Money Savvy Children’ 

www.themoneyconfidenceacademy.com/webinar-money-savvy-kids/

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