Would you consider teaching your children the value of money? If you answered ‘yes’ it seems that you are not alone.
Getting to grips with maths is important, but many people say they would have preferred to have learned about handling money at school than the intricacies algebra. At Co-Navigate we’re passionate about showing people how planning their finances can help them reach their life goals.
But just imagine if that happened to you when you were younger. Setting up your first home would probably have been a easier if you had learned about budgeting at school.
The earlier you look at your life goals and start planning, the easier it is to achieve them because of the extra time you have. So teaching children and teenagers about the value of money would be useful, we think.
Money Masterclass poll
It is why we decided to ask our social media followers what they thought of the idea of Co-Navigate designing Money Masterclasses for young people. And the resounding answer was that they thought it was an excellent idea. A poll showed that 90% of our followers would be interested in Money Masterclasses!
The inspiration behind it followed a video chat we had a couple of weeks ago about an article that one of the team had seen in the FT. It was a personal feature about how lockdown had given a parent the perfect opportunity to teach their children about money.
It may not sound very exciting but if you make it interesting then it can be quite exciting.
Children and the value of money
The writer talked about the importance of pocket money and household budgeting. It included showing children modern ways of paying pocket money, such as via the contactless card for children, GoHenry. Board games such as Monopoly also featured as a great way to teach children about valuing money.
Of course, savings were also discussed, such as Junior ISAs, to illustrate to children the importance of saving.
As the feedback from our poll was incredibly positive, we’re now working on plans for Co-Navigate Money Masterclasses. Please bear with us! As well as running the business, a number of us are also juggling homeschooling. But we do plan to look at the idea over the next few weeks.
If you would like us to keep in touch with you about Money Masterclasses, then please sign up to our mailing list. We don’t sell or pass on your details, nor do we bombard you with emails! We’ll just let you know when Money Masterclasses are rolled out.