In an increasingly cashless society, money is an intangible concept for children to grasp. In the days of coins and notes, kids could see money as something physical you require to purchase goods and services. Nowadays, we tap a card, and no exchange is seen so it’s even harder for children to understand how finances work.
Managing money is a lifelong skill needed for everyday life. As well as improving their maths skills, money teaches children to develop patience, delay gratification, help with self-control, and spend wisely!
According to Cambridge University, children gain an understanding about what money represents around the age of 6 years old. In order to help teach your children about money, we have listed some tips below;
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.
More than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.
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14 days ago
The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers.
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Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
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Analysts are predicting further rate cuts this year, with the next one possibly coming down to 4% when the Bank of England’s Monetary Policy Committee meet on Thursday 7th August 2025.
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