Kids need to understand their financial world and have three places where they can learn about it: at home, at school and online.
Sadly, it seems that financial education in UK schools is absent.
As well as how to make money, kids should be shown how they can save cash too, so they don’t lose their shirt. Here are a few sites or tools that could help:
- MoneySavingExpert.com – where I start my searches for insurance, utilities, new mobile deals and other necessities
- TransferWise – website and app for cheap, fair and simple international money transfers.
- XE.com – easy-to-use and reliable currency exchange site
- Jack’s Flight Club – get emails with news of cheap flights from the UK
- SayNoTo0870.com – save money when phoning premium rate customer service numbers (on the home page, use the link that says “Search to find an alternative number”)
Let me know if you know another tool or site that you think kids should be aware of as they get older. Email paul@paulparry.com. Thanks.
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