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Teaching your kids about money: Part 2

10th March 2021

In Part 1 of our quick guide to teaching kids about money, we focused on young children and pre-teens. While this is a great age group to start discussions about money, it may feel surreal to your children because they won’t necessarily have anything to relate it to. As your children get older and get their first jobs, head off to university and even move out, the conversations about money will carry a little extra weight. Money management and financial wellbeing is all the more important as your children, now young adults, become more independent.

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WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

How much would you like to borrow:

£200
£750
How long would you like it for?
3 months
6 months

Your monthly repayments are:

1
£
2
£
3
£
4
£
5
£
6
£
Total amount to be repaid:
£  
Annual percentage rate:
  % APR

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £355.99 in monthly instalments of £65.11, £78.35, £64.05, £58.76, £48.16 and £41.56. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.2% APR


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