The Money Advice Service (MAS) has linked with the Big Lottery Fund in Wales to launch a £400,000 pilot scheme designed to help parents teach their kids about money.
MAS said the three-year joint project, Talk, Learn, Do: Parents, Kids and Money, would "motivate parents" and give them confidence when discussing money matters with their children. Parents will be taught how to encourage self-control, perseverance, sensible attitudes to money and setting financial goals in their children. Almost half of all local authorities in Wales have signed up to the initiative and it is projected to reach as many as 1,000 parents and 1,600 children aged three to 11. MAS chief executive Caroline Rookes said: "This project is the next step in a new way of doin...
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