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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

  • One of the times my Dad "aced" parenting was when I got into trouble standing on my own two feet.

    He taught me how to itemise my money coming in, and itemise all my outgoings and prioritise them in order of importance.

    He placed debt repayment before buying food on that list which I thought at the time was ridiculous, but it was not...

    Nowadays I'd advise anyone to NEVER GO INTO DEBT. Ridiculous as that sounds. 

Reply

  • One of the times my Dad "aced" parenting was when I got into trouble standing on my own two feet.

    He taught me how to itemise my money coming in, and itemise all my outgoings and prioritise them in order of importance.

    He placed debt repayment before buying food on that list which I thought at the time was ridiculous, but it was not...

    Nowadays I'd advise anyone to NEVER GO INTO DEBT. Ridiculous as that sounds. 

Children