Teaching a teenager about personal finance, taxes, credit, budgeting etc

[Amiable]

Does anyone know of a good YouTube channel or website that my 16 year old can watch or read to learn about the world of personal finances?

Thanks!

There is so much rubbish out there, I think personally it would easier to help them yourself if you able to! I try and make sure my son is aware of his finances, how much he can spend, how much to save... I get him to setup a spreadsheet with his top line earning and his monthly bills and how much he will have left etc, worked so far.

Not a YouTube channel, but App & a debit card for kid:
GoHenry

Meaningful money YouTube/podcast and book are good

You could try here - it's been running for a few years now but not sure if you have to be a customer

natwest.mymoneysense.com/workshops/

There is a good free book on Amazon www.amazon.co.uk/What-Accountant-Taught-his-Daughter-ebook/dp/B07ZVFBTHW/ref=sr_1_1?crid=2BRC7MX63GPYQ&keywords=What+the+accountant+taught+his+daughter&qid=1665132110&qu=eyJxc2MiOiIwLjUwIiwicXNhIjoiMC4wMCIsInFzcCI6IjAuMDAifQ%3D%3D&s=digital-text&sprefix=what+the+accountant+taught+his+daughter%2Cdigital-text%2C51&sr=1-1

Barclays Bank do free online courses

A lot of banks have online resources to help teach kids about money management. Nationwide do too.

Martin Lewis has produced a book for this. There'll be a link on the MoneySavingExpert website.

The book Martin produced for schools is called ‘Your Money Matters’. I managed to find a copy on Amazon. It’s very good

Another vote for the Moneysaving Expert textbook.

You can download a copy here

They also do an online course:

www.moneysavingexpert.com/news/2020/05/mse-launches--academoney--financial-education-course-with-the-op/

Don't forget to talk to them about importance of starting a pension with first job. Last week I read under 30's might have to work until 70 before state pension.

Money Saving Expert website

BBC Your money

BBC radio Money Box

Earn their own money, then spend some & save some

www.gov.uk/check-national-insurance-record

You can also check your state retirement age, read about state benefits, job search, pensions & loads of other info on www.gov.uk

www.ons.gov.uk here are statistics about all sorts of things, including the census

My dd did a little finance course alongside her A levels at college. It was so useful. Taught her all about budgeting, credit, mortgages, savings and insurance. They used to show them episodes of 'Can't Pay We'll Take it Away'. She has said she will NEVER get into debt!

What a waste of money use hypajar or other account.

my daughter has got into cash chats with Andy Webb and also money to the masses has some good child pods.

You can also download a book designed for kids and the curriculum from Martin Lewis moneysavingexpert website

🔝this.

another excellent pod

Depends on why

have they cocked you their finances and seem utterly irresponsible?

are they very interested in finance and want to know more at a high level?

are they a “normal” 16 year old and, as thei parent, you want to ensure they have a well rounded understanding of budgeting etc asap?

That is a depressing thought.