You know the expression, ‘money doesn’t grow on trees’. Everybody loves spending but we all know the feeling of wishing we hadn’t bought something, just because we had cash in our hands at the time. Learn that spending smarter starts with thinking smarter.
One day you’ll probably have to learn about things like APRs - especially when it comes to credit cards. So, in some ways, the earlier you learn about personal finance the better. If someone who knows what they’re talking about, tells you something about money, switch on not off.
It really does pay to shop around for any and everything. Mobile contract coming up soon? Start the renewal process early by looking out for deals. Even when you’re shopping for games, apps and music, cast your net wider than just iTunes and other market leaders.
When you start formal borrowing, or getting into monthly contracts/bills, every payment you make (or miss) will affect your credit score and ability to borrow in the future. Never miss a payment and never borrow on terms that mean you will struggle to meet repayments.
Are you struggling to get through to your kids about the importance of a sensible attitude towards money? Perhaps you’re worried about the security threats associated with online transactions? Or how easy it is to part with money using apps like Apple Pay and PayPal?
Don’t worry, you’re not alone. It’s something we come across quite frequently. That’s why we’ve gathered some online content (they’ll know what that means) especially for parents of 11-18 year olds.