Thursday 27th October 2016

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Financial Education

As your child begins to learn simple maths at school, you have the opportunity to link this to learning about money.

You can start with simple ideas like coin recognition, which will help with concepts such as ‘greater than’ and ‘less than’. 

If you let your child pay for their own purchases, such as sweets, comics or small toys, they will begin to understand the sorts of coins they need to use, for instance, something that costs 35p could be paid for with a 50p piece, but if it is 89p they will need a pound coin.

As they become more familiar with mathematical concepts, they will start to understand that you can add coins together to make bigger sums. Before you know it they will be checking your change for you!

We have some fun activities to help your children become familiar with saving here at iChild.

View other relevant articles here, giving more information on Pocket Money and Topping Up Your Child Trust Fund.

More information on F&C or F&C Website.