Understanding money, budgeting and saving are important life skills. Money issues can arise due to poor organisational skills or difficulty doing calculations under pressure.
Hints and Tips
Young people want to be more independent in managing and spending their money.
Having a bank account can teach you how to manage saving and spending. Review this on a monthly basis with your parent / guardian so you have had to manage it across the whole month. Discuss with your parent / guardian how they budget on items such as weekly food cost, household bills and travel.
A meal credit card scheme is often in schools to stop carrying cash. If this card is frequently lost or forgotten try attaching it to a retractable chain.
The following websites offer useful information:
The Money Advice Service
Explore the Money Advice Service: An independent service set up by the government to help everyone understand and manage their money better. They have a whole section on you, your kids and money with videos and activities which will help parents teach the vital skills of understanding and using money effectively. There are also specific sections on helping young people with learning disabilities to understand money and how to help teenagers manage their money.
The National Autistic Society
The National Autistic Society has an online module designed to help autistic people manage their money.
BBC bitesize also has a range of topics on managing money under the Lifeskills Maths section. Lifeskills Maths is the application of Mathematical skills in real life contexts.