How to talk to your kids about money, with Helen Driver

The Wallet

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!

Connect with Helen at:

• Moneyready: www.moneyready.org
• Instagram: www.instagram.com/miss_moneyready

Resources:

• 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.*

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