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Home > The Wallet > How to talk to your kids about money, with Helen Driver


	Podcast:		The Wallet
	Episode:		How to talk to your kids about money, with Helen Driver
	Category:		Education
	Duration:		00:55:35
	Publish Date:		2020-11-05 00:01:23
	Description:		Financial education has been a part of the compulsory national curriculum in England since 2014. However, in 2017, a study released by Young Money, titled “The Ticking Time Bomb of Generation Debt” was critical of many secondary schools and said that education about money has stalled. Also, according to the London Institute of Banking and Finance “after five years of financial education being in the national curriculum, it’s not adding up for young people. 69% of students still regularly worry about money and 82% want to learn more about money in school.” With our financial habits formed as young as 7 years old, as parents or guardians, how can we start the conversation of money at home and introduce the concept of finances to kids? Joining me today is Helen Driver, ex-fund manager who spent 20 years in the City and founder of Moneyready, an interactive financial education platform for children and parents. Her mission is to ensure the next generation is ready to face their financial futures with confidence. Together, we take a look at how parents can start introducing financial concepts (such as delayed gratification, budgeting and saving), helpful tools to use, and how to build up a young person's knowledge and money skills over time. We also talk about saving for children and how and when to start. If you don’t have kids, don't worry -- this episode is still relevant because it’s full of life-changing financial tips! You can follow and connect with Helen at: Moneyready: www.moneyready.org Instagram: www.instagram.com/miss_moneyready Helen shared some great resources in this episode. All the links are below: Financial education textbook: Your Money Matters for secondary schools funded by Martin Lewis: https://www.young-enterprise.org.uk/teachers-hub/financial-education/resources-hub/financial-education-textbook/ Reading List: Charlie and the Chocolate Factory by Roald Dahl, The Tortoise and the Hare, The Emperor's New Clothes, Billionaire Boy by David Walliams. Revolut Junior Card: https://www.revolut.com/get-junior-card Go Henry https://www.gohenry.com/uk Junior Individual Savings Accounts (ISA): https://www.gov.uk/junior-individual-savings-accounts Saving for children: https://www.moneyadviceservice.org.uk/en/articles/childrens-savings-options Gifts and exemptions from Inheritance Tax: https://www.moneyadviceservice.org.uk/en/articles/gifts-and-exemptions-from-inheritance-tax You can learn more about Vestpod and subscribe to our newsletter here: https://www.vestpod.com. You can follow us on Instagram @vestpod and join our Facebook group. My book is available to purchase from Amazon and your favourite bookshop. * Please note that we are not certified, financial advisers! The articles and information made available on Vestpod and this podcast 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.* See acast.com/privacy for privacy and opt-out information.
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