How To Teach Kids To Manage Money Wisely By Letting Them Take Control Of Their Own Pocket Money

Remember that feeling when you finally got your own money? Strutting into the corner shop like a BeeGee gangsta declaring, "The penny sweets are on me lads!" Taking control of our own finances as a kid is a milestone in our lives. So, for the next four weeks, Weekend Breakfast with Alison Curtis is delighted to have An Post on board for 'The Money Mate Moment'. 'The Money Mate Moment' It's a new current account for 7-15 year-olds to help prepare your children to learn how to earn, save and spend money. And to help us we have renowned Clinical Psychologist and parental expert David Coleman. He will help us to navigate the importance of childhood financial independence. Each week we choose a different topic. Week 1: Giving Independence while staying in control: [audio mp3="https://media.radiocms.net/uploads/2021/08/28124005/AN-POST-MONEY-MATE-MOMENT-WEEK-1.mp3"][/audio] Once children have pocket-money, it is their money. If they are to learn about using money wisely, they must be allowed to manage their money, even if they make mistakes. An Post Money Mate allows parents that helicopter view, setting boundaries from the outset and maintaining some control. It allows you step in and discuss decision making along the way. Being involved in their An Post Money Mate account, with them, provides that opportunity for open discussion and reflection. You can use your own budgeting or spending habits to role-model for your children. The Money Mate Moment brought to you by An Post, help prepare your children for financial independence with An Post Money Mate. To learn more about Money Mate click here Watch David Coleman advise The Keegan family on how An Post Money Mate can help parents teach their children about responsibility and decision making.