Teaching Kids About Money: Fun Ways to Build Financial Literacy
HI Mobsters
We hope you're having a fantastic easter holiday so far! At Mums Who Build, we’re here to help you and your family gain financial confidence and security. This week, we’re diving into an important topic—teaching kids about money.
In our latest Instagram Live, Jo Dean, an award-winning financial advisor, shared that introducing financial literacy to children early can set them up for lifelong financial confidence. Whether it’s pocket money, savings, or understanding how money works, starting young makes a big difference.
1. Why Teaching Kids About Money Matters
Jo emphasised that helping kids develop good financial habits early on leads to greater financial independence later in life. Here’s why it’s important:
✅ Builds confidence – Kids who understand money feel more in control of their finances.
✅ Encourages saving – Learning to save rather than spend everything fosters long-term thinking.
✅ Teaches value & responsibility – Helps children understand that money is earned and should be used wisely.
💡 MOB Tip: Talk about money openly at home—children learn by watching how we manage finances!
2. Fun Ways to Teach Kids About Money
Jo highlighted several engaging ways to introduce financial literacy to children:
✅ Pocket Money Management – Let them handle their own small amounts and decide how to save and spend.
✅ Savings Jars – Use clear jars for different goals: saving, spending, and giving.
✅ Role-Playing “Shops” – Let kids “buy” and “sell” items at home using pretend money.
✅ Use an Investment Calculator – Show how money can grow over time with compound interest.
💡 MOB Tip: Involve kids in small financial decisions, like comparing prices at the supermarket.
3. Junior ISAs & Saving for Your Child’s Future
Jo explained that setting up a Junior ISA (JISA) is a great way to secure your child’s future.
Parents can contribute up to £9,000 per tax year into a tax-free savings or investment account.
The money belongs to the child and can only be accessed when they turn 18.
Provides an opportunity for long-term savings growth.
💡 MOB Tip: Get your child involved—show them their JISA balance and explain how savings grow over time!
4. Helping Kids Understand the Value of Money
Jo shared that with digital banking and contactless payments, money can feel “invisible” to kids. To help them understand:
✅ Try a “Cash Diet” Challenge – Use only cash for a week and show kids how quickly money is spent.
✅ Use a Prepaid Kids’ Debit Card – Apps like GoHenry help kids manage real money with parental controls.
✅ Set Small Earning Tasks – Give kids small opportunities to earn extra money for specific jobs.
💡 MOB Tip: If kids see money as something physical rather than just numbers on a screen, they develop a stronger understanding of its value.
5. Investing for Your Child’s Future
Jo explained that some parents set up investment accounts for their children to help build wealth for their future.
✅ Junior Stocks & Shares ISAs – Invest in funds for long-term growth.
✅ Junior Pensions – Contributions grow tax-free and benefit from compound interest over decades.
✅ Educational Savings Accounts – Save specifically for future university or career expenses.
💡 MOB Tip: Even small contributions add up over time—starting early can give your child a financial head start.
6. Making Financial Education Fun & Engaging
Jo emphasised that learning about money doesn’t have to be boring. Consider these fun approaches:
✅ Play Board Games – Games like Monopoly and The Game of Life teach financial decision-making.
✅ Use Digital Learning Tools – Apps like PiggyBot or RoosterMoney help kids track savings and spending.
✅ Set Family Financial Goals – Plan a savings goal together, like a family holiday, and track progress.
💡 MOB Tip: The more interactive financial education is, the more likely kids will absorb and apply it!
Join Our Monthly Instagram Live with Jo Dean
📅 Mums Who Build hosts a FREE monthly Instagram Live on the last Monday of each month with Jo Dean!
📲 Join us to:
Ask your finance-related questions live.
Gain expert insights into teaching kids about money, saving, and investing.
Learn how to make smart financial decisions for your family.
Follow us on Instagram to stay updated!
Final Thoughts
We hope this blog helps you introduce financial literacy to your children in a fun and engaging way. Starting young builds lifelong financial confidence!
💬 We’d love to hear from you – How do you teach your kids about money? Drop your thoughts in the comments below!
📅 Don’t forget to join us at the end of the month for our Instagram Live with Jo Dean! Check out our events page for more info
Who is Jo Dean?
Jo Dean is an award-winning financial advisor and was named ‘Woman of the Year, Investment Advice’. She helps clients simplify their path to financial security through personalised strategies. Her expertise covers tax mitigation, retirement & investment planning, asset protection, estate & inheritance planning, and cash & currency management.
🚀 How Jo Can Help:
Jo takes a tailored, bespoke approach to financial planning, recognising that no two individuals share the same financial journey. Her ability to see the bigger picture and build trust with clients ensures that financial strategies align perfectly with individual aspirations.
📲 Want to connect with Jo for personalised financial guidance? Reach out to her via LinkedIn or contact her directly at jo@avantiwm.co.uk | 07972 114 038. Jo can also recommend accountants for those needing tax or accountancy support.
🚨 Disclaimer: This article is for educational purposes only and does not constitute financial advice. Always seek professional guidance for your unique circumstances.
What is Mums Who Build (The MOB)?
Created by two mums - Georgie Harris and Rebecca Coxshall, Mums Who Build is a supportive community dedicated to helping mums grow their businesses and careers, build financial confidence, and achieve financial security.
We understand the unique challenges mums face—like balancing family and career or returning to work after a break—and we’re here to provide opportunities, practical advice, connection, and encouragement.
Our new MOB+ membership takes this support to the next level—offering a vibrant space to join the conversation, connect with like-minded mums, and work together to build lasting financial confidence. Join us and be part of a community that’s here to help you succeed.
