The effect of the pandemic on children is immeasurable, the regular routine of school life, hobbies and celebrations evaporated overnight. One survey asked children what made them feel stressed during lockdown and discovered money worries featured high up the list, together with concerns about schoolwork and family life. With many families impacted financially, unfortunately it's inevitable.
While your instinct may be to hide your money fears from your children, this may increase ther anxiety. Various studies have explored the concept that children who are regularly exposed to conversations about money tend to grow up to be more financially confident adults.
Habits formed now can help to set your children up for a positive financial future, start the conversation with them today.
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