Parents encouraged to teach their children about money 
(10/03/2010)
With the chaos of 2009 in mind – financial meltdown, banks being bailed out by the taxpayer, and endless stories of debt - Julie Hedge has created The Pocket Money Plan so that tomorrow’s generation will not make the same mistakes.
Children are bombarded with sales messages from the moment they first open their eyes, telling them that if they want something they should get it. The Pocket Money Plan is a book which teaches parents how to ensure their children don’t grow up with unrealistic ideas about money.
“As parents, we all want our children to avoid the heartbreaking, debt-filled situations we read about in the papers. We need to teach children to understand money must be earned and that they need to live within their means and spend wisely. By understanding the value of money today, children will grow up to be responsible adults.” says Julie Hedge, author of The Pocket Money Plan.
The former financial consultant wrote The Pocket Money Plan to help parents teach their children how to have a financially secure future by spending and saving money wisely. In the book Julie outlines the six principles that will help parents teach their children life skills that will stand them in good stead for their future:
1. Stop giving your child stuff for free
2. Start giving pocket money instead
3. Give, save, spend
4. Be consistent
5. Link pocket money to ‘earning’
6. Encourage extra earning
Julie believes that these practical steps can be adapted by parents to fit their children’s specific situations, and will make a real difference. “Rather than simply saving money for when their children are older, parents need to teach money management on a day-to-day basis. The rules in The Pocket Money Plan are simple and easy to follow – you don’t need to be a millionaire or a financial wizard to make it work. In today’s world, one of the most precious gifts a parent can give their children is the ability to manage money and choose between the things they need and the things they don’t.”
| 
Print version | 
Email to a friend | 
View other articles
Related categories: Kids and children Parenting
Recommended suppliers
