Teaching Kids About Money
A little comparison is normal, but sometimes it can go too far. Want to cut down on those contrasts? Try these tips
The UK Budget 2021 can be a great educational conversation starter with your kids. We offer some tips on how to make the government’s Budget fun and educational for kids.
Lent starts this week, and we’re starting to think about how giving something up teaches kids about money, from the merits of delayed gratification to the added spending power saving brings
RoosterMoney, the allowance app for parents and children, has drawn up a fun, timely, useful list of ways to help when teaching kids to save money.
Stay at home challenge – Needs & Wants List. Understanding the difference between needs and wants is key to good decision making in all aspects of life, not just money.
Stay at home challenge – Find the best energy deals. Challenge your kids to find a better deal on your gas or electricity bills by turning them into your in-house savings expert.
Stay at home challenge – Choose a cause. Discuss some potential causes your child could support, and encourage them to choose one that matches their interests and matters to them.
Stay at home challenge – Spot the best savings account. Get them checking comparison tables of children’s savings accounts, and find an account paying the highest interest.
Stay at home challenge – Set up shop. Playing shop is a great activity for the imagination as well as practicing some mental arithmetic.
Stay at home challenge – Future me. This challenge is about having fun with all the possibilities ahead of you.
Stay at home challenge – Fridge Raiders. A simple game about a simple but important money concept – Needs vs Wants.
Stay at home challenge – Which way to pay? Cash is fairly easy for kids to understand, but other methods from plastic cards to smartphones can be trickier for kids to get their head’s around.
Stay at home challenge – Start Selling. A great way to help your kids earn some money that may also help with the spring cleaning!
Stay at home challenge – Family Dinner Party. This one is a great way to bring together a lot of big money lessons in one simple… meal! Get the kids to organise Saturday night’s dinner.