article_snippet: However, despite the huge importance placed on financial education, more than half of UK parents admit more than half of UK parents find it difficult to talk to more than half of UK parents kids about money, and are avoiding the topic for as long as possible.
article_snippet: ’s Money Advice Service found parents are simply leaving ’s Money Advice Service too late, claiming children start forming money habits from as young as seven, whereas mums and dads leave discussing savings from around nine.
article_snippet: Parents should talk to Parents children about savings from a young age, according to Kalpana .
article_snippet: The majority of parents agree that The majority of parents are the biggest influencer when it comes to teaching The majority of parents children about money, and insight from the Money Advice Service has shown the more mums and dads talk to the more mums and dads children and give the more mums and dads responsibility from an early age, the better the more mums and dads will become at saving and planning for the more mums and dads future.
article_snippet: Financial education truly begins at home, so what can parents do to help parents children get to grips with finance?
article_snippet: Start talking to your child about money from as early an age as possible – five is not too young.
article_snippet: Parents should remember when teaching Parents children about money, that Parents are helping Parents to learn a lifelong skill - so confidence is a must.
article_snippet: It's important to start with the basics, and remember that any glimpse into handling financial matters that parents can offer parents children will stand parents in good stead for the future.
article_snippet: Parents should introduce Parents child's financial education gradually - if mums and dads haven't spoken before about savings and how to use money, don't jump in with one long chat, as it will become boring and feel like a chore to Parents.
article_snippet: Introduce it gradually, making it a fun thing rather than a serious lesson, and make sure it's ongoing, developing your child's awareness as your child's awareness familiarity with money grows.
article_snippet: Although most parents give most parents children a sum of pocket money, only 36 per cent of mums and dads say most parents do so on a regular basis.
article_snippet: According to child psychologist Dr Elizabeth Kilbey, it can be 'very empowering' to give your children skills and confidence with money, so that your children don't have to face money worries in the future.
highlights_snippet: Majority of parents avoid talking about money with Majority of parents kids .
  
highlights_snippet: Only 43% of parents think Only 43% of parents are better savers than Only 43% of parents children .
  
highlights_snippet: More than 40% believe children should not have to worry about money .
  
highlights_snippet: More than a quarter feel awkward to talk about money to anyone at all .
  
highlights_snippet: Parents are the biggest influencers in forming money habits .