Supported by Experian’s United for Financial Health programme
It’s never too early to start a conversation with your kids about money. Many lifelong financial habits are already embedded by the time they reach the age of seven, according to a study at Cambridge University.
Of course, jumping straight in with your take on the latest interest rate decision isn’t going to win over the young people in your life. But once you scratch the surface, especially if you’re talking to a child who hasn’t really thought about money before, then it can genuinely become a fun and interesting topic.
Experts recommend giving children regular pocket money. The amount doesn’t matter nearly as much as