How to help a young person learn financial life skills

Set a day, once per month and look at their finances. Perhaps create a spreadsheet with them and talk about spending. Never make too much of a big deal about things within budget. 

Scams are quite different. First there is the art of spotting them. But second, it's ok to help others to a threshold and ALWAYS do it in person. But also, the idea that each of us can 'invest' in just a few people in our life with time and resources is important. 

Perhaps her budget can include a charity per month - maybe £5 if she feels inclined. But also cap a limit at 10% per month for emergency only and put it in a savings if there's no emergency. There are a LOT of resources available.

If we're incredibly compassionate we may feel we want to help everyone and that's not bad. But, a good saying is this: no one died and made me the Super Hero of the World. (no one died and made me G-d). Let's allow everyone to help, or let everyone play. We'll do our part. << These can be crucial thought-exorcizes in letting go of control while also creating good boundaries. It's an interesting paradox.

So next time she gets a funny email, she can learn to - look at the email it came from, text the friend direct mentioning the email, ask if the friend sent it, and if the friend does need help, have them come over. Pay for a cab if it's bad. These can be helpful practices.

Set a day, once per month and look at their finances. Perhaps create a spreadsheet with them and talk about spending. Never make too much of a big deal about things within budget. 

Scams are quite different. First there is the art of spotting them. But second, it's ok to help others to a threshold and ALWAYS do it in person. But also, the idea that each of us can 'invest' in just a few people in our life with time and resources is important. 

Perhaps her budget can include a charity per month - maybe £5 if she feels inclined. But also cap a limit at 10% per month for emergency only and put it in a savings if there's no emergency. There are a LOT of resources available.

If we're incredibly compassionate we may feel we want to help everyone and that's not bad. But, a good saying is this: no one died and made me the Super Hero of the World. (no one died and made me G-d). Let's allow everyone to help, or let everyone play. We'll do our part. << These can be crucial thought-exorcizes in letting go of control while also creating good boundaries. It's an interesting paradox.

So next time she gets a funny email, she can learn to - look at the email it came from, text the friend direct mentioning the email, ask if the friend sent it, and if the friend does need help, have them come over. Pay for a cab if it's bad. These can be helpful practices.