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:

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.
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.
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.
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
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
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
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.
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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