It’s likely that your children don’t really have any concept of money because everything they need is provided for them by you, their parent. Even with items that they want like a new toy, or even a day out at Peppa Pig Land, the cost of everything is unlikely to enter their minds – and why should it? At a young age, children shouldn’t have to worry about how much things are costing you, or even worry about anything to do with money. However, it is important to begin introducing money handling into your child’s life so that when they are old enough to fly the nest, they know how to handle their finances and can avoid getting themselves into financial difficulty. Take a look at these easy ways of teaching your children how to handle their money.
Putting together a family budget that everyone in your household can realistically stick to is harder
than it seems. While many of us come up with budgets, using our best intentions to predict our
expenditure over the coming months, the truth is that it can be incredibly challenging to try and
restrict your own spending – never mind the spending of your family too.
While you can spend hours scribbling on a piece of paper and calculating figures, it’s important to
have a plan in place that’s going to help you to stick to the decisions you make. Here are just a few
tips to help.