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?
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.