So many adults today have a poor understanding of personal finance concepts, and I think this lack of knowledge – among other causes – plays a big part in the levels of personal debt and financial difficulties that many struggle with. We really must not leave our tweens’ financial instruction to their formal education because it is severely lacking in schools. I passionately believe that all parents should teach their tweens to be financially literate and allow them to learn to earn, save, spend, donate and budget money in the safety of the family home from a young age. If we don’t, we are doing our tweens a huge injustice that may impact them negatively for many years to come.
Sarah Ockwell-Smith 