A new project aimed at boosting parents’ confidence to teach their children about money is to be launched in Caerphilly County Borough.
The Money Advice Service will be launching ‘Talk, Learn, Do: Parents, Kids and Money’ after a £400,000 grant was awarded from the Big Lottery Fund in Wales.
The three-year pilot scheme is launching this month.
Parents will be encouraged to help their children develop skills such as self-control, perseverance, sensible attitudes to money and setting financial goals.
The project will run alongside Welsh Government initiatives such as Families First and Flying Start, and also with the Family Links Nurture Programme.
Lee Phillips, Money Advice Service Wales Manager, said: “This project is a collaborative effort and together with the Big Lottery Fund, Welsh Government and our partners, we want to empower children across Wales to make the most of their money both now and in later life.
“Our recent research has highlighted that parents have the biggest impact on their children’s financial behaviours.
“With this in mind, there is no one better placed to arm children with the skills and knowledge they need to make good financial decisions and reach their financial aspirations.”