Did you do the odd chore to earn your pocket money when you were younger?
Sarah Willingham, consumer champion, mum of four and BBC Dragon has called for British parents to rethink how they give pocket money to their children with Experian research finding that 85% of British children that receive pocket money don’t always have to earn it.
Sarah told us: “Pocket money is often the first experience children have of managing money, and I’d like us, as parents, to take a more active role in teaching our kids the importance of earning their pocket money and saving for the things they’d like. Continue reading
It’s never too early to learn about good finance tips
My Money Week, which runs from 8-14 June, is a national activity week for primary and secondary schools which aims to help young people gain the skills, knowledge and confidence in money matters they’ll need to thrive in today’s society.
It’s the brainchild of the Personal Finance Education Group (pfeg), which helps teach children to understand money and how to manage it.
For the past two years Experian has partnered with pfeg on a project to help primary school children improve vital money skills. In this time, the project has transformed numerous primary schools around the country into national Centres of Excellence for financial education, helping more than 12,000 pupils, parents and teachers improve their money skills. Continue reading