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    • shiningfaery
    • By shiningfaery 19th Dec 16, 6:44 AM
    • 217Posts
    • 1,759Thanks
    Educating my children on money
    • #1
    • 19th Dec 16, 6:44 AM
    Educating my children on money 19th Dec 16 at 6:44 AM

    Quick back story, I am a single mum with 2 beautiful kids aged 6 and 3. Ex is not money conseus or responsible.

    So my 6 year old has got to a stage where she wants everything but no thought on cost of course as money means nothing to her other than it can buy things, I want to start educating her on money and over time being responsible with it.
    Don't know where to start and don't want to negative about money or spending.

    What have you done that's worked? Any suggestions on where to start?
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    • kimplus8
    • By kimplus8 18th May 17, 4:26 PM
    • 662 Posts
    • 2,062 Thanks
    Hi lovely- may have already been said but financial peace junior is great.
    It's is based on a 3 way split of spend save and give... 1/3 into savings 1/3 to church or a charity and 1/3 to spend as they wish.
    This is from money they have earnt by completing their 'jobs' around the house or homework etc.
    I use it for my kids and we just sub the $ for £ and it's working great so far
    Member of £1000 Emergency fund Club LIGHTBULB!!! BR and living with it! Dave Ramsey fan
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