One of the many important life skills that children need to know from an early age is how to handle money. Good financial habits - such as saving and budgeting - can be taught from a young age, and this knowledge will stay with a child for life.
This video features 5 tips on teaching your child good financial habits features Dr Elizabeth Kilbey, the child psychologist on BBC’s House of Tiny Tearaways. It contains help and advice from Dr Kilbey for parents on how to talk to their children about money and how to teach them about spending and saving responsibly.