📺Did you know that most of our money habits are set by age 7? According to a study, 40% of people who didn’t receive financial education have no savings at all. On the other hand, people who did receive financial education as a child could be £70,000 richer in retirement. Teaching financial responsibility early creates a foundation for a lifetime of good money habits. So I was wondering how as parents, how do we instil healthy habits into our kids?

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Usborne Money for Beginners
Get to Know Money by Kalpana Fitzpatrick
Cash is Queen by Davinia Tomlinson
How to Teach Your Kids About the Value of Money, with Louise Hill: [ Ссылка ]

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CONNECT WITH VESTPOD
I am Emilie Bellet and I’m passionate about investing and helping women improve their financial lives. I spent the first part of my career working in private equity, and now I’m the founder of Vestpod and host of The Wallet podcast.

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00:00 - Intro
01:22 - Tip 1: Financial habits are set from a very young age, so be consccious of the example you're setting
02:17 - Tip 2: Explain the idea of ‘need versus want’
03:09 - Tip 3: Learn about delayed gratification
04:16 - Tip 4: Let them learn by doing
05:18 - Tip 5: Talk about money at home
06:32 - Tip 6: Altruism
07:26 - Conclusion

👀DISCLAIMER
We are not certified financial advisers! The articles and information made available on Vestpod are provided for information and educational purposes only and do not constitute financial advice. You are advised to consult with an independent financial advisor for advice on your specific circumstances.

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