The Pocket Money Podcast brought to you by Halifax

Despite a year of ups and downs many families are looking forward to Christmas as a way to end the year on a high. However  the excitement of Christmas often comes with a huge financial burden for parents; especially when it comes to making their children happy with Christmas presents and the sometimes overwhelming Christmas wish list.

In this episode Dr Elizabeth Kilbey and mum of two Kelly are joined by Kelly’s children, Logan and Georgia, and together they explore their family Christmas traditions. Kelly and Dr Elizabeth also discuss how to talk to children about Christmas wish lists in a way that doesn’t dampen the excitement of the festive period, whilst ensuring kids understand Santa’s bank account has a limit too!

“When I grow up I want to be a……”. How would a parent like their child to end that sentence?  Some parents may hope their kids will become doctors, lawyers or teachers. However, in the new digital era, social media influencers and bloggers are careers in their own right.

A common misconception is that budgeting is an exclusively ‘adult’ problem. People tend to think that they only have to deal with budgeting when they  are old enough to have bills to pay, but the concept of budgeting can take a while to grasp.

In this episode Dr Elizabeth Kilbey and Becky, a mum of two, talk about how teaching children about budgeting at a young age could be one of the most important lessons they learn. Whether it’s explaining that pocket money doesn’t last forever, or talking about how to keep the household running, Dr Elizabeth Kilbey and Becky look at how to break   a complex concept down into a simple life lesson for children.

Although what kids spend it on might have changed over the decades, pocket money itself has stood the test of time. What also endures for parents, is how to harness the power of pocket money, and navigate the difference between rewards and bribes.

Never mind babies - how do parents teach children where money comes from? With children growing up at a time where everything is accessible via the click of a button on their phone or tablet, how can parents make sure that children know money doesn’t grow on apps?

In this episode, Dr Elizabeth Kilbey speaks to dad of two Gregg, about how he helps his daughters learn the value of money in a digital world. They discuss the concept of children having their ‘own money’, where they spend it, and the spending vs saving debate.

2020 has been a difficult year for many parents who may have found work uncertain and have had to scale back on  household spending. With repeated periods of lockdown, meaning families have been at home together more, have children become more attuned to any family money worries? 

In this first episode, Dr Elizabeth Kilbey speaks to Sunday Times bestselling author and influencer, Candice Braithwaite. As someone who grew up in a household when money was very tight, Candice talks about her own childhood experiences with money, and how this contrasts with how she is bringing up her own children.