#TweenTalks: How To Talk To Your Kids About Money

Welcome to #TweenTalks, a weekly franchise by Grazia’s parenting community, The Juggle where we speak to experts about tackling touchy subjects with your tween-age kids. This week, global business strategist Lisa Johnson explains how to talk to your tweens about money, from understanding poverty to making smart financial choices.

We know that the UK school system is structured in a way that focuses on the traditional learning elements, and often rewards the kids with the best memories - but how are our children expected to understand the implications of money management, from the basic stuff like setting up a bank account and being responsible with money, to how different families navigate difficult financial situations?

One of them is already in the process of setting up a business with one of his friends for kids who want to be entrepreneurs, the other has absolutely no interest in this, preferring to think his future wellbeing will be down to his brother supporting him! It’s good for them to understand that expensive doesn’t always mean good quality, and at how paying more, especially for services, is worth it for the expertise and experience it provides.

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