Money. It makes the world go round - but when it comes to talking about it with children, many parents would rather tackle a mountain of laundry or sit through another episode of Peppa Pig. But here’s the thing: if we don’t teach our children about money, someone else - or worse, TikTok - might.
The team at Bury Financial Advisors believe financial education should start early, and no, it doesn’t have to be dull. Here’s how to introduce money matters to your little ones in a way that’s fun, memorable, and won’t have them snoozing before you finish the word “budget”.
Make Pocket Money Earned, Not Expected
Instead of handing over a set amount each week “just because”, link pocket money to simple chores. Washing the car, making their bed, or helping with the recycling can earn them extra coins. This teaches the value of effort and introduces the idea that money doesn’t grow on trees.
Top tip: Use jars or clear containers for saving, spending, and giving. It helps children see where their money is going - and lets you sneak in lessons about saving for goals and the joy of generosity.
Bring Games into the Mix
Money doesn’t have to be all numbers and spreadsheets. Games like Monopoly, The Game of Life, or even setting up a mini "shop" at home with price tags and toy money can work wonders. You’d be surprised how quickly kids pick up the concept of change, profit, and budgeting - especially when sweets are involved.
Talk About Mistakes (Even Your Own!)
Children love hearing stories - especially ones where adults mess up. Share a light-hearted tale about a financial mistake you made (like that unused gym membership). It makes you relatable and shows them that mistakes are normal - as long as you learn from them.
Keep It Going
Talking about money shouldn’t be a one-off “lecture”. Make it part of everyday life: involve them in meal planning and budgeting for food shops, explain how contactless cards work, or show them what happens when you save over time. Small conversations, repeated often, build confident money minds.
Final Thoughts from Bury Financial Advisors
Raising financially savvy kids doesn’t require a PhD in economics - just a bit of patience, a sense of humour, and a willingness to make money talk part of normal family life. And if you're ever unsure where to start, pop in for a chat with us. We’ll help you set up a plan that suits the whole family.
