Children and Money: To Teach or Not to Teach…

Financial literacy for children is a hot topic.  Start them young so they learn to save not spend, is one school of thought.  But what if as a parent you are struggling with your own financial literacy can you be a positive role model?

money box

Children and money is always a very interesting topic of conversation.

The question of what to teach children about money and when to start is something I am asked quite frequently in my role as a money mentor.

I really like Rob Stocks article Cents and Financial Sensibility , his 10 point checklist, whilst somewhat tongue in cheek, does have a few gems in it.

Teaching your children financial literacy should go hand in hand with their understanding of maths. There is no point trying to teach the value of $20 or what you can buy with it if the child can only count to 10.

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