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How to help a young person learn financial life skills

NAS84823

Hi,

I am new to this community, so I'm not quite sure how this all works!

My soon to be 16 year old daughter has ASD, and her DLA will soon be paid to her directly.

I was wondering how other parents support their child?  Do you actively look at their accounts, or manage on their behalf, or leave them to it?  I have had conversations with her around online scams where a "friend" may ask for money, but I still worry she will be taken advantage of.  I would like her to learn financial life skills, so I am looking for advice on the best way to help her with that.

Can I have your thoughts/experiences please?

Thank you in advance Slight smile

Parents

  • This is a difficult one that we wonder about too. My son is nearly 15. 

    He has recently opened a bank account with a card as all his friends have one. We had to explain to the bank that we would need to help with completing the forms as he would not be able to. We transfer a limited amount of his money to his account as he needs it. We are hoping this is helping, but one day this will not be an option.

    I think it is also more difficult now as lots of banks are closing and people relying on online banking. I don't think he would cope with this. He struggles to remember passwords and follow lots of instructions.

Reply

  • This is a difficult one that we wonder about too. My son is nearly 15. 

    He has recently opened a bank account with a card as all his friends have one. We had to explain to the bank that we would need to help with completing the forms as he would not be able to. We transfer a limited amount of his money to his account as he needs it. We are hoping this is helping, but one day this will not be an option.

    I think it is also more difficult now as lots of banks are closing and people relying on online banking. I don't think he would cope with this. He struggles to remember passwords and follow lots of instructions.

Children