5) Set savings challenges.
If you give your child pocket money or an allowance, talk to them about setting a savings target and encourage them to adopt good habits early. This is a good opportunity to introduce ideas around keeping your money safe and planning for the future. That lifestyle they want is right around the corner.
6) Involve them in the weekly shop.
As you go around the supermarket, ask your children to choose the best-value combinations of set products and get them to do the adding up as you go from aisle to aisle. As well as learning valuable lessons, your new helpers can make your job easier at the same time.
7) Talk about different ways to pay.
Talk about the different ways of paying for things – from cash and traditional debit or credit cards, to paying with contactless cards or even using your mobile phone. Have they seen any of these in action? Talk about some of the pros and cons of payment methods – using a contactless card is quick and easy, but there’s a limit to how much can be spent in one transaction.
8) Highlight the importance of security.
Highlight the importance of keeping our personal details safe and secure, and not to share the passwords or PINs we use with others. If we think a password or PIN has been compromised, then we should change it as soon as possible.