Financial literacy for kids
A guide to financial education for kids by Furness Building Society
Learning about money
Teaching children about money: how it's earned, how it's spent and the difference between a want and need is a crucial stage in a young person’s development.
While this lesson is an important step for youngsters, a third of Brits feel uncomfortable talking about money and a fifth have never discussed personal finances with family and friends at all. It’s important we try to break this cycle by teaching financial literacy to our kids.
Opening up the financial conversation with our children at an early age will support future generations of savvy savers. It will encourage a population confident in their money management and truly on top of the difference between basic necessities and life’s perks.
In this handy guide you’ll find our top tips for teaching kids about money; ways to introduce the topic and activities to help your little one put this into practice.
If you’re looking to find the best ways to save money for children or simply set up a savings account, head over to our savings hub for more information.