Helping Children manage their money is a commissioned post for TSB. Do your children have bank accounts? I am working with TSB and Emily at A Mummy Too and the Tots100 team to help you educate your children with regards to their finances and to help encourage your kids to manage their money better.
I want my boys to be money savvy and I am a firm believer that as a parent it is my job to educate and teach my children about money and financial management.
I love that TSB customers who are 11+ are able to register to Internet Banking and will be able to access their account and manage their money online. Also, that children aged 13+ can register for mobile banking. As adults, we use these tools day in day out and having the opportunity for our children to use them to manage their money whilst I keep an eye on them.
TSB recognise in this digital age, children expect to access their finances online too and their Under 19’s Current Account offers online banking to 11-18 year-olds with the ability for parents to ensure that it is tailored to their child’s needs.
TBD also has a really helpful guide to keep your children safe online with their Youth Security Page, which is a great place to look for information about keeping your money secure online as well as your information.
Join the #TSByoungsavers Twitter Party to Win Prizes
I am getting together with @Tots100, @TSB and Emily at @amummytoo to share lots of tips and information about helping children learn good financial habits.
How to Take Part:
- Join us on Twitter from 9pm to 9pm on Wednesday 10 February 2016
- Make sure you’re following @tots100, @TSB, @AMummyToo and @mum_themadhouse
- Tweet us using the hashtag #TSByoungsavers with your tips, ideas and questions on helping children manage their money.
- Tweet us during the hour with the #TSByoungsavers hashtag and you could win one of five £50 John Lewis vouchers!
Terms and Conditions: The#TSByounsaver prizes are available to UK and ROI residents, aged 18 and over, except employees of Flea Enterprises Ltd, or anyone professionally associated with the Promotion. For purposes of this promotion, an entry is received when the blogger has tweeted their comment or question with the hashtag #TSByoungsavers, between 8pm and 9pm on 10/2/2016. Any entries outside of this period will not be counted. The decision of the Promoter in relation to the Promotion is final. No correspondence will be entered into. The prize is not transferable, re-saleable or exchangeable, and there is no cash alternative. Winners will be notified via Twitter, and must respond to notification of their prize within 48 hours otherwise the right to claim the prize will be lost and the promoter reserves the right to re-award the prize(s). Winners will be announced by 24/2/2016 on www.Tots100.co.uk.
Both my kids have accounts but I believe I need to be better at encouraging depositing. They occasionally earn or are given money for different reasons and too often it sits in their desk drawers and doesn’t get deposited. Then something comes up that they’d like and the money is readily available rather than sitting in the bank accounts making it more of a chore to part with. I really appreciate your words “as a parent it is my job to educate and teach my children about money and financial management.” and need to be more on top of that with my kids. Thanks for another great post Jen!