How to educate your children on the cost of living
We all want our kids to be ready to deal with the costs of flying the nest. The question is - how can we help prepare them?
The road to independence
For most teens, the promise of independence is exciting - moving away from their parents gives them the freedom to rule their own roost.
However, like everything else in life it comes at a cost. Whether they are planning on getting a room in University halls of residence, renting their first shared house or even buying their first flat.
You might have heard that our kids are waiting for longer than ever to move out with more than a quarter of 20 - 34-year olds still living with their parents, which is a record high. In part, this is probably due to the massive increase in the cost of renting. Although of course, it could just be that they can’t stand the thought of missing mum’s Sunday roast.
5 ways to help your teens learn about the cost of living
We’ve been having a think about the practical ways to encourage your kids to think about the cost of living so they learn by doing.
Here’s a few ideas we came up with:
Whether it’s offering an incentive to help out with household bills or simply having a chat to encourage good habits, there’s plenty we can do to help our kids understand the cost of living. Don’t be afraid to think outside the box. Giving them responsibility will be both rewarding and educational.
They’ll thank you in the long term - well, if they ever move out…

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