{"id":1658,"date":"2025-03-14T16:31:50","date_gmt":"2025-03-14T16:31:50","guid":{"rendered":"https:\/\/elizaallen.uk\/?p=1658"},"modified":"2025-03-14T16:36:48","modified_gmt":"2025-03-14T16:36:48","slug":"why-a-sloth-for-one-branch-at-a-time-13","status":"publish","type":"post","link":"https:\/\/elizaallen.uk\/index.php\/2025\/03\/14\/why-a-sloth-for-one-branch-at-a-time-13\/","title":{"rendered":"Educating Our Kids About Money"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.23.4″ _module_preset=”default” custom_margin=”||||false|false” custom_padding=”0px||0px||false|false” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.23.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.23.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

Recently, my little one caught me off guard with a peculiar request – a credit card! Can you believe it? It left me wondering, “Where did this come from?” and “Why a credit card?” Turns out, the answer is YouTube. Apparently, it’s now a trend for kids to yearn for a credit card. This revelation got me thinking, especially when I realised he was actually talking about a debit card, not a credit card.<\/span><\/p>\n

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The distinction between the two is massive, and it’s crucial that our kids grasp this. A credit card is not a magic money tree, but borrowed cash that comes with a hefty payback, i.e., interest. In contrast, a debit card lets you use your hard-earned and saved cash.<\/span><\/p>\n

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Intrigued, I did a little research and found several child-friendly card providers like GoHenry, albeit with a monthly fee. These cards are an excellent learning tool for kids to understand money’s worth. They can learn to budget their funds, make spending and saving decisions, and cultivate a sense of independence and financial awareness – all without the danger of piling up debt.<\/span><\/p>\n

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Moreover, we can establish a system where kids earn their money, teaching them the value of hard work and the joy of reaping their own rewards.<\/span><\/p>\n

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Isn’t it crucial to have honest chats about money? Explaining ideas like saving for future goals, comprehending expenditures, and living within one’s means. I chose a HyperJar card, an app-based tool used by both child and parent, without a monthly fee, he was over the moon when a very jazzy card arrived in the post with his name on it!.<\/span><\/p>\n

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In the current era, with the escalating cost of living, teaching our children money’s value is more critical than ever. We’re imparting them with life skills that will benefit them well into adulthood by educating them on financial responsibility.<\/span><\/p>\n

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As the digital era progresses, it is also vital to educate our kids about online safety, like safeguarding personal data and identifying potential scams.<\/span><\/p>\n

There’s no such thing as too early when it comes to these talks!<\/span><\/p>\n

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Financial education empowers kids to navigate modern economies, making it an essential life skill. I wish every school taught finances, it would mean every child would leave school equipped to handle their finances when they stepped into the world of working!<\/span><\/p>\n

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Imagine a world where children understand saving for emergencies, comprehend compound interest, and are aware of their spending habits.<\/span><\/p>\n

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After all, the more knowledgeable and prepared our children are, the brighter and more secure their futures will be.<\/span><\/p>\n

Love and blessings,<\/p>\n

Eliza x<\/p>[\/et_pb_text][et_pb_social_media_follow use_icon_font_size=”on” icon_font_size=”34px” _builder_version=”4.24.0″ _module_preset=”default” text_orientation=”center” custom_margin=”1em|1em|1em|1em|false|false” custom_padding=”1em|1em|1em|1em|false|false” locked=”off” global_colors_info=”{}”][et_pb_social_media_follow_network social_network=”facebook” url=”https:\/\/www.facebook.com\/profile.php?id=100076805093162″ _builder_version=”4.24.0″ _module_preset=”default” background_color=”#3b5998″ global_colors_info=”{}” follow_button=”off” url_new_window=”on”]facebook[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=”instagram” url=”https:\/\/www.instagram.com\/elizabethallenbooks\/” _builder_version=”4.24.0″ _module_preset=”default” background_color=”#ea2c59″ global_colors_info=”{}” follow_button=”off” url_new_window=”on”]instagram[\/et_pb_social_media_follow_network][\/et_pb_social_media_follow][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"

When should we talk to our children about money?<\/p>\n","protected":false},"author":2,"featured_media":1660,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","footnotes":""},"categories":[3],"tags":[],"class_list":["post-1658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-why"],"acf":[],"_links":{"self":[{"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/posts\/1658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1658"}],"version-history":[{"count":3,"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/posts\/1658\/revisions"}],"predecessor-version":[{"id":1665,"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/posts\/1658\/revisions\/1665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/media\/1660"}],"wp:attachment":[{"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elizaallen.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}