Did you know the Credit Card has been part of our purses and wallets for over 50 years?
Love them or loath them, here are some interesting facts about the credit card.
This credit card infographic was created by Sainsbury’s Bank
Did you know the Credit Card has been part of our purses and wallets for over 50 years?
Love them or loath them, here are some interesting facts about the credit card.
This credit card infographic was created by Sainsbury’s Bank
Nice infographic which shows the three main types of income and can help answer the question where does money come from?
The Troll Bridge is the latest release in the multi award-winning Financial Fairy Tales series of children’s books.
The series helps explain money ideas and principles to children at a young age with a view to developing positive values and habits such as saving, responsibility, making money grow and entrepreneurship.
“To capture the imagination of children and give them an understanding of modern life within a story is fabulous. I look forward to reading more Daniel Britton stories to my family”- John Whiteman, Business Troubleshooter & author of 9 Days To Feel Fantastic
The Troll Bridge is a fun and innovative way of looking at why we pay our taxes. Everyone and everything crossing the bridge has to pay the troll. Everyone accepts this until a young boy starts asking why.
The Troll Bridge is released on Wednesday May 7th – look out for exclusive launch day offers and bonus materials!
“Often parents struggle to teach their children about money. Well – problem over! Dan’s Financial Fairly Tales are a brilliant way to introduce children to money concepts. All wrapped up in wonderful stories.” Elizabeth O’Shea, Parenting Specialist at Parent 4 Success
Just for fun, I’ve made a series of 3 videos – please take a moment and vote for your favourite. You can also leave comments below and share with your friends on Facebook and Twitter.
Video 1
The financial Fairy Tales: the Troll Bridge
Video 2
Video 3
Teaching children about all aspects of finance early in life is important, but it needn’t be boring. The trick lies in getting children to understand the whys and wherefores of money in a way that is both fun and which will carry them through life. This isn’t about attempting to get rich; rather, it’s about instilling in them the knowledge that the sensible management of money can help bring about freedom, independence and peace of mind.
As part of this overall process, it’s also important that children understand the whole principle of inheritance. In this way, they will be better prepared for their independent financial lives when the time comes when they do inherit money – and it will help develop in them a sense of the permanence of the value of goods, property and investments.
This is a desirable thing for most parents to achieve with their children. But it’s very important not to confuse this educational process with any sense of greed or materialism; it’s a fine balance which wise and far-sighted parents should be able to achieve. And there are fun ways this can be achieved – with plenty of resources on this website to investigate.
But when it comes to leaving legacies and instilling an understanding of this whole area in children – the process is a little more delicate. Most children instinctively understand, by the time they reach somewhere around double figures in age, that life is fleeting. At this age, they’re beginning to understand the permanence of death. They’ve usually had first hand experience of a grandparent or other family member passing away – or someone else close to the family – and understand what it’s all about.
Around his sort of age, it’s perfectly sensible and natural to talk to children about things like wills and probates – and to help them understand what happens after someone’s death – to all their belongings and assets. It’s easier to talk and think in terms of something that will mean something to children rather than a person’s entire estate. There may even be a keepsake that a relative or friend has bequeathed to a child – and this can become a pleasant and happy memory; a nice way of remembering someone fondly after the initial period of grief has passed.
It’s also a good way of understand the process of bequeathing things in the way you want them.
Overall, teaching children about wills is a natural part of understanding the basics of finance in a way which will help them in later life. The knowledge that they will inherit something at some point in the future – but not to rely on such inheritance – is also helpful in allowing children to come to terms with the one inevitability of life – which is, of course, death. But instead of being in any way morbid – this knowledge should help set children’s minds free to appreciate the present and to always carpe diem whilst simultaneously being sensible with money. As the saying goes; live as though you’ll die tomorrow, but farm as if you’ll live forever.