Why Teaching your kids to be financially literate is important

Money and pensions service data shows that only 47% of children receive a meaningful financial education at home or at school, so millions are without any financial guidance at a time when habits are forming. Teaching your kids to be financially literate will help set them up to build healthy habits and learn to manage their money so that when they need it most they will know what to do.

Many of us know how hard it is to build those habits later on so instilling a healthy relationship with money early on will give them a great advantage. Deciding when your children are ready to learn about money can be difficult but the sooner they learn it they better their relationship will be with the money they earn.

 

Here are some ways you can start teaching your kids to be financially literate;

 

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Courtney Evans
Last Updated 14th February 2025
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