The effect of the pandemic on children is immeasurable, the regular routine of school life, hobbies and celebrations evaporated overnight.
One survey asked children what made them feel stressed during lockdown and discovered money worries featured high up the list, together with concerns about schoolwork and family life.
With many families impacted financially, unfortunately it’s inevitable.
While your instinct may be to hide your money fears from your children, this may increase their anxiety. Various studies have explored the concept that children who are regularly exposed to conversations about money tend to grow up to be more financially confident adults.
Habits formed now can help to set your children up for a positive financial future, start the conversation with them today.
Catch up on our other blog posts:
MORTGAGE LENDING CONTINUES TO SOAR
Mortgage lending has soared to record levels, according to latest data from the Bank of England1, which reveals that gross advances in Q1 totalled £83.3bn, which represents a 26.5% increase on the same quarter in 2020 and the highest level since Q4 2007. Impact of the...
MAJOR BARRIER TO PROPERTY PURCHASE
Saving for a deposit has been cited as a major barrier to purchasing a home by 59% of people, according to the latest survey from the Building Societies Association (BSA)1. Climbing from 54% in December last year and just 40% last June, raising a deposit is...
DO YOU KNOW YOUR HOMES TRUE WORTH?
Do you think you know how much your home is really worth? Would you be surprised if it was worth much more or much less? Many homeowners’ estimates don’t live up to reality, with 45% of respondents to a recent survey1 undervaluing their property and 25%...
(Your home may be repossessed if you do not keep up repayments on your mortgage)
We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)
For Lifetime Mortgages/Equity Release the fee will be £799.
Our mission is to provide honest mortgage advice, whilst helping you save money.
Get in contact
Flexible appointments
Or call —02380224925