This document provides a 3-step process for teaching children money management skills from a young age. The first step is to start collecting and counting coins from ages 0-5 to learn about money in a fun way. The second step is to introduce household bills and encourage energy saving for ages 6+. The final step is to give older children ages 11+ an allowance and teach them to budget and become independent with their personal spending. The overall message is that it's never too early to start teaching children good habits for managing money.

1. Mums
Not Fairy Godmothers
IMPLEMENTING MONEY MANAGEMENT TO YOUR CHILD
By Aleka Gutzmore

2. “
”
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…..

3. 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 ?

4. 3 Steps to Mum’s Money Management
Collect It
Start with coins
Count it Keep it safe
Put it awayAdd them up

5. 0-5 years
PRE SCHOOL MONEY EXPLORING IS FUN…

6. 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

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

8. 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)

9. Age 11+
I CAN DO IT FOR MYSELF

10. 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?

11. 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…

12. 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.

13. Go ahead, teach your children to
be good with MONEY.
Your child is never to young and never to old!

14. Please feel Free to
ASK any questions…
I'm located in Leyton Library
London E10 on the 1st Friday of
the month.
Free and Confidential
one to one advice
@alekagutzmore
Like me for Updates and Events
Aleka Gutzmore – A G Finance HUB
Stay in touch
www.alekagutzmore.co.uk

15. 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