In a recent survey conducted by us, 94% of parents said saving money for their child is important to them, which highlights that parents want to provide a stable financial future for their children. However, 12% said they rarely discuss savings or the importance of money with their child; with 13% saying they never discuss it with their children at all. So, while parents think it is important to teach their children money management skills, these figures show that there may be those who struggle to do so. Use our step-by-step parents guide on ‘how to teach your child money management’. Using real life situations and examples, you can help them understand how money works, the importance of saving and how to get more for their money, ensuring you are preparing them financially for adulthood.