Mums

Not Fairy GodmothersIMPLEMENTING MONEY MANAGEMENT TO YOUR CHILD

By Aleka Gutzmore

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How many of you feel like a

Fairy Godmother at times?

It’s time for a change… Introduce money slowly and lead by example

GRANTING EVERY WISH YOUR CHILD MAKES…..

My child’s too young…

My child has no responsibility…

I’m not sure I can…

I’m bad with money myself.

How do I do that ?

3 Steps to Mum’s Money Management

Collect ItStart with coins

Count it Keep it safe Put it away Add them up

0-5 years PRE SCHOOL MONEY EXPLORING IS FUN…

The Money

Game

0-5 years

London is full

of coins!How many can you find today?

Money Education is Fun and as Easy as 1 2 3

There are pennies everywhere, when you’re in the

park or taking that afternoon stroll collect the coins.

You will be surprised how fast you can fill a jar

Age 6+ CHILDREN ARE AWARE OF THERE SURROUNDINGS SO EXPAND THERE MINDS

Introduce your child to The HOUSEHOLD

If children know what happens in a house they

become aware of their environment. They

can start to save energy and as a result save

money in the house.

Use the cross section to list the bills and come

up with some energy saving ideas. A great

interactive activity for you and share with your

child(ren)

Age 11+ I CAN DO IT FOR MYSELF

Making older children Independent

Gradually expand older children’s pocket money or introduce it; there is a reason and a purpose. They can learn to budget for their toiletries, clothing, sports and social activities.

Work out what you spend on your child in one of these areas in a year, divide by 12 and give this to them as a monthly allowance, add a little bit extra for savings and sweets. Monitor the change in how they spend their own money

When they’re confident in one area, add another and so on until they’re managing all their personal spending.

The Question is… Are you ready to let go?

Are you confident to Be a

Mum and NOT a

Fairy Godmother?

YOU DON’T HAVE TO SAY YES ALL THE TIME! YOU HAVE THE POWER TO INTRODUCE POSITIVE MONEY HABITS. ITS OK TO SAVE FOR THE THINGS YOU REALLY WANT.

Lets recap…

The Practical

Steps to Mum’s Money Management

Collect and Save

from a young age We want you to introduce your

child to money and coins as young

as possible. Laying the foundations

for a healthy money relationship

The Essentials First

Get children involved teach them the value of what they have and embed ways to save money and the environment at the same time.

Confidence & Tools Provide your child with enough support to be confident. Introduce them to banking and the cash machine from a young age and allow them to budget.

Go ahead, teach your children to

be good with MONEY.

Your child is never to young and never to old!

Please feel Free to

ASK any questions…

I'm located in Leyton Library

London E10 on the 1st Friday of

the month.

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@alekagutzmore

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Who is..

Aleka Gutzmore.CeMap

Financial Mentor

ALEKA WORKS AS A BUSINESS AND PERSONAL MONEY MENTOR AT A G FINANCE HUB LTD

SHE IS A PRACTICING MORTGAGE AND PROTECTION ADVISOR. FINANCIAL CAPABILITY TRAINER, MOTIVATIONAL SPEAKER AND FOUNDER OF THE FINANCIAL HUG™ AND WE ARE AMAZING WOMEN.

ALEKA’S AIM IS TO EDUCATE PEOPLE SO THAT THEY CAN MAKE INFORMED CHOICES AND GAIN THE BEST ADVICE FOR THEIR CURRENT SITUATION. ALEKA IS PASSIONATE ABOUT FAMILIES AND PROTECTING THEM FOR GENERATIONS TO COME, ALEKA IS A MOTHER TO WITH AN 11+ BOY AND UNDERSTANDS THE NEED TO TEACH CHILDREN MONEY MANAGEMENT.

SHE IS DEDICATED TO EMPOWERING MUMS TO DO THE BEST THEY CAN.

SERVICES ALEKA OFFERS

• MORTGAGES

• FAMILY PROTECTION

• INCOME PROTECTION

• WILLS & TRUSTS

• HOME INSURANCE

• BUSINESS START UP ADVICE

• MONEY MENTORING