Talk, Learn, Do

What it is - Talk, Learn, do is a 2 hour parenting session designed to kickstart the conversations and build it into everyday activities with children in the home. It is being delivered in Northern Ireland, Scotland and Wales equipping parents with the tools and knowledge to build the financial capability of their children, and testing new ways to build financial foundations.  

Talk, Learn, Do is delivered on behalf of the Money and Pension Service (MaPS) with our research partners IFF Research. Here are some of the key points from the Money & Pension Service website about the back ground to our Talk, Learn do, – Parents, kids and money, one of the programs provided by MaPS. 

Having positive conversations about money at home is vital – research show that parents talking to and teaching their children about money has a positive impact even in early years. The Covid pandemic has affected many families finances and parents and carers may be feeling more anxious about discussing money matters at home. The need to feel secure is paramount in every human being and financial security plays a vital part in meeting this need which is a direct link to good mental health, vital in every society.   

Young people need quality financial education and guidance as they go through life transitions – As our economy recovers from the effects of Covid, young people will be moving onto tertiary education or employment in particular.   

We need tailored programs to meet the needs of young people - Evidence shows that you people in vulnerable circumstances, such as those with a long-term illness, are less likely than their peers to have the money skills and knowledge they need. Others, such as care-experienced young people may require extra targeted support. However, at present there is a limited understanding of what works to achieve good outcomes for these young people, and there are few tailored programmes focused on meeting their needs.   As a parent - By taking part in Talk, Learn, do, you will gaining knowledge, tips and hints this lesson has to offer

Talk, Learn, do NI; Parents, kids and money will increase your knowledge on how to :

. Help children as they grow by having positive conversations at home about money . Teaching your children how to recognise the difference between ‘want’ and ‘need’ . Teaching your children why you have to say ‘no’ to buying something . Teach children through play and around the house about money

. Teaching children when your are out and about for example on shopping trips. . Teaching children through pocket money and the value of money . Giving children the opportunity to manage money themselves. . Reflecting on our habits and behaviours around money

. Discussing and agreeing what suits your family. . Reducing stress around money conversations.   You will also contribute to future parenting supports by completing the survey developed by MaPs and delivered by Reed in Partnership in partner with IFF Research. Taking part is your choice, but IFF, Reed in Partnership and MaPs would really value your opinions which will help us with this important work. The research will help MaPs develop and evidence ways to support parents / families to teach their children about money with the ultimate aim of helping children and young people mange their money well as adults.  

. 11.5 million people have less then £100 per week in savings to fall back on . 9 million people often borrow to by food or pay bills . 22 million people say that don’t know enough to plan for retirement.