building block 1
building block 2
o If your child is starting to get regular pocket money, talk about how they will keep it safe. Will they keep it in a jar or in the bank? How will they carry it when they go out?
o Children can have their own savings goals. Let them think of what they want to save for and how.
o How long will it take? How can they keep track of this?
o Think together about other things your family needs and things you all want.
o Explain that when you save money in the bank you earn money for keeping it there. This is called interest.
Extracted from the booklet ‘Talk, Learn, Do: Teaching your children about money’ produced by Made of Money, a project of Quaker Social Action for the Money Advice Service.