Budgeting and savings
Chances are if your child is exposed to any advertising at all (be it online or on TV), there’s probably no shortage of a must-have items they’ve set their sights on. Turn this to your advantage and use it as an opportunity to develop positive savings habits.
More than just combining your money, you’ll also have to potentially deal with differing opinions and emotions about finances as well. It doesn’t have to be daunting though – the key is to keep the lines of communication open, set some ground rules, decide your goals and get saving.
Setting savings goals for yourself - whether they're large or small, short or long term - can turn the act of saving from being a drag into something exciting and motivating. Your goal could be anything from a holiday or a deposit on a house to planning for a comfortable retirement.