Money Management for Children

It can be a challenge to help children understand the true value of things. We live in a world where we are surrounded by “things” and sometimes the lines between “need”, “want” and “deserve” get blurred. Learning from an early age about how to manage money is highly important. Family coaching is a great way to provide you and your family with the tools and ideas necessary to instil a good attitude towards money management in your children. It’s important that children learn that money is a resource they must look after. If they have money they can do nice things, but if they don’t have money they can’t do anything. By focussing on money management, you are teaching your child not to get into debt or buy things they cannot afford. This is such an important life lesson, as debt is becoming unmanageable for many families in the UK who are now suffering because of it. Family coaching can provide you with the skills to teach your child this and also how to approach the subject that debt, in some instances, is simply unavoidable – mortgages or student loans, for example. What we hope to achieve through family coaching is the right balance and understanding to impress on your child that money management is an absolute must to live a happy life. Money management also comes with the bonus of teaching children to be patient. Some of the worst debts that people face these days are from loans or finance because they want something NOW. Teaching your child that they must save money for the nice things they want...