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Talk Learn Do

Teaching children about money when they’re young helps them develop the skills they’ll need as adults, but it can be particularly tricky talking to our children about money when the cost of living is high. The Money and Pension Service have created a set of guides and activities that may make this a little easier:


  • talk to three to 11-year-olds about money – what it is, where it comes from and the difference between wants and needs.
  • to help kids learn about money through conversations and getting involved with decisions about spending and saving.
  • ideas to do fun games and activities with kids – encouraging practising with money helps them learn how to make good  decisions when they’re older.

How to talk to your children about money

Children who are good with money usually learn these skills from their  parents or carers. Letting your child spend and save money from an early  age helps them develop the skills to make smart money choices both now  and in the future. 

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Learning about money by age

You can start to teach children about money from an early age. Children  as young as three are ready to learn the basics. Here is a guide to what  children are likely to understand, based on their age. 

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Shopping trips with children

Taking children shopping is a great way to teach them skills that will  help them manage their own money as they grow up. Find out fun ways to  get kids involved in shopping. 

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How to handle pestering

Children can pester you by repeatedly asking for things or ignoring you  when you say no. It’s normal for children to do this and have tantrums  if they don’t get what they want, but it can be hard not to give in 

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Pocket money and saving

Giving your child pocket money is one way to teach them about the value  of money. It's up to you whether you want to do it or not. But studies  show that giving children even a little bit of money regularly helps  them learn how to manage money 

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Explaining digital money to children

We’re fast becoming a cashless society. Many of us pay for our shopping  with debit and credit cards and check our balance on our mobile  phone. While it’s quick and easy for us, it can be tricky for children  to understand that we’re spending real money.   them learn how to manage money 

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Teaching your child about online scams and in-app purchases

Children, just like adults, can be the target of online scams. But  children can be particularly vulnerable because they’re likely to have  less knowledge of what a scam looks like.

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How to help your teenager learn about money

This guide will show you practical ways to teach your teenager essential  money skills. You'll learn how to give them financial responsibility,  set a good example, and help them develop good money habits. 

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