#110 Financial Literacy - Share the Journey with Your Children

Welcome to another solo episode of Let’s Talk Money and More Podcast with me, your host, Lesley Thomas. Today, I’m going to talk about a topic that many parents can relate to: teaching your children about financial literacy. I understand that money can be a sensitive subject, and if you're unsure about your own financial knowledge, you're not alone. The lack of financial education in schools has left many adults feeling ill-equipped to pass on this important knowledge to their children. But fear not, because today I’ll discuss how you can feel confident teaching your child about money, regardless of your own background. From building your own financial literacy to creating an open and comfortable environment for discussions, we'll cover it all. So stay tuned and get ready to share the journey of financial literacy with your children. Let's dive in!

Key Takeaways

• Take the time to build your financial knowledge. There are numerous resources available, from books to online courses, that can help you get started. Remember, you don't have to be a financial expert to teach your child about money; you just need to be willing to learn and share your own journey.
• Create an open and comfortable environment. Start age-appropriate discussions about saving, spending, and sharing with your young children. As they grow, gradually introduce more complex topics like budgeting and investing. Remember, financial literacy is a lifelong journey, and your child will learn at their own pace.
• Lead by example. Children learn more from what we do than what we say. Be transparent about your financial decisions, set goals as a family, and show responsible money management. By modelling good behaviour, you can instil responsible financial habits in your child.

To learn more about the Money and Mindset Made Simple – For Teenagers, www.themoneyconfidenceacademy.com/money-mindset-simple-teenagers-course/

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