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Teaching kids about money: Getting your toddler to understand

Teaching kids about money – make your toddler finance savvy

It’s never too early to ensure your children appreciate the value of money.  Not that your child should know the ins and outs of your mortgage, but rather that most things in life come with a monetary value.

Teaching children about finance from an early age is of great benefit to kids. Make your children money savvy! Start today

Green piggy bank via Shutterstock

When I was little my father played a trick on me, he showed me a bright pile of coppers in one hand, and a fifty pence piece in the other. I got to pick which hand I wanted – the first time, much to Dad’s amusement I chose the shinny pile of coppers… collectively worth a lots less than 50 pence. I never made that mistake again!

Simple games like this teach finance to children early on,  albeit in a simplistic way.

Here is a great infographic to give you same great ideas for teaching kids about finance:

Teaching kids about finance from the get go helps children to understand value

How to Teach Finance to Toddlers
How to Teach Finance to Toddlers Created by: Fat Wallet

Developing healthy financial habits for your children early on empowers them

Research from Cambridge University suggests that our financial habits are embedded by age 7. Major childhood cornerstones are usually walking, talking, potty training… the list as most parents know is exhaustive. But how many can hand on heart say they include teaching financial empowerment to their children? Why not start today!

Aside from learning the face value of money, it is never too early to teach children that money does not come for free. Pocket money should be earned, not given. Let me share a pocket money tip – my children help out generally around the house. We are TEAM NEALE. I’m not talking slave labor here ;o) just long enough for the pocket money to feel earned. It isn’t directly linked to chores, but if they aren’t contributing to the team, then that pocket money isn’t earned.

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Enjoy!

Helen is a mum to two, social media consultant, website editor and a qualified counsellor with experience of working with both children and adults.She is a registered member of the British Association of Counselling and Psychotherapists, with her own private practise. She also freelances with her local Mind organisation.Since giving up being a business analyst when juggling travel, work and kids proved too complicated, she founded KiddyCharts so she could be with her kids, use those grey cells at the same time, and supplement her counselling income.KiddyCharts has reach of over 680k across socials and the site. The site works with big family brands to help promote their services, as well as offering free resources to parents of kids under 10. She is a specialist counsellor for neurodivergent individuals and brings this expertise to her resources and the site. She is also an ADHDer herself.KiddyCharts gives 51%+ profits to charities, focused on supporting mental health and a community in TanzaniaHelen has also worked as a digital marketing consultant (IDM qualified) with various organisations, including Channel Mum, Truprint, Talk to Mums, and Micro Scooters. She loves to be creative in the brand campaigns she works on.Get in touch TODAY!

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