'I'll teach them not to see buying a house as the only financial goal' - nine money experts share the advice they give to their children

"How do money experts talk to their children about spending and saving? And how are they preparing them for an uncertain financial future? Manners and general tips for good behaviour are usually high up on the list of life lessons parents want to teach their children. Yet educating children about money can sometimes be less of a priority. When do you"

"Manners and general tips for good behaviour are usually high up on the list of life lessons parents want to teach their children. Yet educating children about money can sometimes be less of a priority. When do you start letting them know that money does not in fact grow on trees? When should you talk to them about budgeting and how do you prepare them for a world where buying a home might seem like an impossible task?"

Manners and general tips for good behaviour often outrank money education among parental priorities. Parents face questions about when to teach children that money is finite, how and when to introduce budgeting, and how to explain long-term financial goals such as homeownership. Practical approaches include starting conversations early, giving age-appropriate allowances, modelling saving and spending decisions, and involving children in budgeting exercises. Preparing children requires clear explanations of economic uncertainty, realistic expectations about housing costs, and building adaptable financial skills. Emphasizing planning, delayed gratification, and practical money management aims to equip young people for an uncertain financial future.

Read at Independent