Primary Times - the definitive what’s on and where to go family guide of activities and events for children of primary school age. Things to do with your kids during the school holidays including arts and craft activities, music and theatre for children, parties, competitions, days out, and family attractions along with term time drama schools, dance classes, after school clubs and sports activities. Things to do at a place near you!
Top tips from Foresters for teaching children essential money skills
Understanding how money works and the role it plays in life are essential skills for children. But when and where do you start? Foresters has these tips:
1. It’s never too early. Most seven year olds can understand the value of money and concepts like earning and planning ahead. Younger children can join in with counting and easier concepts.
2. Show children where the money in your life comes from so they understand the relationship between earning and having money.
3. Discuss the difference between needs and wants – for example, which items of food or clothing they need versus want.
4. Teach about budgeting by showing children how you do this at home or help them budget with their own money.
5. Explain how saving money is important as a way to pay for big items and life events – both fun things like holidays and unexpected expenses.
6. Talk about borrowing and paying back money. You can look at the pitfalls but also how people borrow money, for example to buy a home or pay for university.
To help you invest for your child’s future, Foresters Financial offers a Stocks & Shares Junior ISA. For more details, visit www.foresters.com/FFJISA
Investing carries risk.