Teaching Financial Wellbeing to Kids

This weeks Resilient Kid Podcast is with the fantastic Michelle Nicole Phelps. We are talking all things Kids and Finance. We talk about the importance of teaching children all about money. How to equip them with the knowledge and skills they need to manage their money effectively now and in the future. Michelle gives useful tips on how to talk to kids about money, whatever the age. How to get them to take financial responsibility and how to make it fun too. Ashley gives real life example with her kids, as you have come to expect and they both talk about the delayed gratification and its role in creating debt. Michelle's Top Tips -  Start early Evidence tells us that children’s attitudes about money are well developed by the age of seven. So, incorporate learning about the world of money into your teaching from pre-school upwards.  Put learning into practice Providing kids with experiential learning has been shown to be most effective. So when we run workshops in school they mainly include the children playing games, with regular check-ins as a group to see what lessons are being learnt, and what ideas they can take into the next round of games.  Make the most of everyday events. Financial education can be particularly effective if it coincides with an opportunity for the young person to put it into practice. For example, more detailed learning about banks and saving could coincide with parents taking out a children's bank account. 👉To get in touch with the fabulous Michelle on the socials -  😎Instagram @hartfordwealth  👍Facebook @hartfordwealth  💼LinkedIn www.linkedin.com/company/hartford-wealth Or check out her website or email - 🖥 www.hartfordwealth.co.uk 📩[email protected] 👉To Follow Ashley at The Resilient Kid -  🖥 www.theresilientkid.co.uk or 📩email [email protected] with any questions you would like addressing The Resilient Kid Free FB group is here - https://www.facebook.com/groups/resilientkidgroup come on over! 👍FB page - https://www.facebook.com/resilientkiduk 😎Insta -  https://www.instagram.com/resilientkid/ 💼LinkedIn - https://www.linkedin.com/in/resilientkid/ #parenting #kidsfinancialliteracy #resilientkids