Teaching children about money

Talking about money with children might feel daunting, but it’s one of the most important life lessons you can give them. From pocket money to shopping trips, the habits children form early can last a lifetime – influencing how they save, spend and manage their finances as adults.

Research shows that children who grow up in households where money is openly discussed often go on to be more confident and capable with their finances. Even simple conversations – explaining why you choose one brand over another in the supermarket or helping them decide whether to spend or save their pocket money – can make a big difference.

The Money and Pensions Service has created free, practical tools to make this easier.

• Talk Learn Do is a fun, interactive resource for families with children aged 3–11. It breaks money down into games and activities, covering topics like saving, pocket money, and shopping.
• For teenagers, the Your Money Matters guide is an excellent resource, full of tips about budgeting, spending, and saving for bigger goals – whether that’s clothes, hobbies, or learning to drive.

Explore these free resources at moneyhelper.org.uk or call 0800 138 7777 to speak in confidence with an advisor. The earlier children learn, the more confident they’ll be with money in the future.