Helping young savers grow up confident with money
The earlier children start learning about money, the more confident they’ll feel about managing it in the future. And the good news? You don’t need to be a financial expert to teach your kids great money habits, just a few simple conversations can go a long way.
At Northern Community Bank, we believe money skills are life skills. We’re here to help families feel more confident talking about money, one step at a time.
Start Small and Keep It Simple
Children pick up a lot from everyday life, so get them involved early on, whether it’s counting coins, helping with the food shop, or learning the difference between ‘needs’ and ‘wants’.
Top tip: Use real-life examples. Saving up for a toy or choosing between two treats helps children understand the value of money in a way that sticks.
Pocket Money Can Teach Big Lessons
Even a small, regular amount can help kids learn how to:
- Save for something they really want
- Make decisions about spending
- Understand that once it’s gone—it’s gone!
Encourage them to split their money into spend, save, and even share pots, to help build balance and thoughtfulness into their habits.
Talk About Saving Goals
Whether it’s for a toy, a game, or a day out, setting a saving goal makes it fun and rewarding. Help them figure out how much they need and how long it will take to reach it, it’s a great way to learn patience and planning.
Set a Good Example
Children learn by watching. If they see you budgeting, saving regularly, and making thoughtful money choices, they’re more likely to do the same.
Nobody gets it perfect all the time. What matters is being open and honest about how money works and how to make it work for you.
Open a Young Saver Account
If your child is ready to take the next step, our Young Saver Account is a great way to start building their confidence with money.
- Save from as little as £1
- Watch their savings grow over time
- Learn how regular saving adds up
- Friendly support from our team whenever you need it
Find out more about our Young Saver Account here
We’re Here for You – and Them
At Northern Community Bank, we believe every child deserves the chance to build a healthy relationship with money. And every parent or carer deserves the tools to help make that happen.
Whatever stage you’re at, you can always talk money with us.
