Often during the holiday period or on birthday we are in a gift-giving mood 🎁. It is an especially exciting time for our children and grandchildren.
This year could I invite you to think about giving a gift that has an impact on the next generation?
Not a gift that can be easily consumed like a toy that gets soon discarded or money that gets spent just as quickly. A gift that lasts or makes a lasting impression.
In this blog post, I will be sharing six ideas of gifts that can do just that.
1. Financial Welfare on the Future Generation
The first gift I am suggesting is a gift from you to help the financial welfare of future children. Not with money but a request to support a campaign led by Louise Hill, the Founder of GoHenry and fully backed by us at WealthBuilders Together.
The petition is requesting the Government make financial literacy and money skills a part of the curriculum starting in primary school.
Without effective financial education, children miss out on learning key skills such as budgeting and saving and will lack the essential money life skills to avoid increasingly complex financial harms.
We have been promoting financial literacy for families and will continue to do so with our campaign #LiteracyForLegacy as it is key to ensure the younger generation is equipped with the knowledge and confidence to deal with the financial challenges and opportunities ahead.
Let's see if we can help this reach 10,000, and even 100,000 signatures, to get this to Parliament.
Please sign the petition and take a screenshot of what number you are. Share the screenshot on your social media with the hashtags #LiteracyForLegacy
2. Royal Coins
We now live in a world where children just don’t see money in notes and coins anymore. Their interaction with payments is through the tap of a phone 📱 or the tap of a card 💳.
They are becoming so disconnected from the tangible nature of money and we run the risk of children thinking money is available on 'tap'.
King Charles has created a set of commemorative coins 🪙 - the perfect present for those looking to give their children or grandchildren a memorable gift that they can keep for the long term.
It is also the perfect opportunity for you to teach them about the real value of money as they get to physically touch money, maybe for the first time.
These commemorative coronation coins can be purchased as a gift set or from the Royal Mint.
How else can we ensure our children understand the true value of money in a world of digital transactions?
3. Games
Thinking of getting your children or grandchildren a new game?
Why not choose a game with a money message?
I am sure you’re all aware of the classic Monopoly board game, a Christmas favourite, which allows children to practice finance skills in a fun way! But there are many different versions of the game that you may not be aware of…
1. Monopoly Deal
A card game adaptation of Monopoly, designed for faster gameplay and can be completed in about 15-30 minutes. The goal is to be the first to complete three property sets or accumulate a set total value of properties.
2. My Monopoly
Customise your game board, properties, and even the Chance and Community Chest cards, to make the experience unique to you and your family.
3. Monopoly Lifesized
A physical version of the classic Monopoly board game in Central London that allows players to step onto a life-sized game board and interact with giant game pieces and properties. The goal is still to buy, trade, and develop properties, but the immersive experience adds a new dimension of fun and excitement to the traditional Monopoly game.
That’s just monopoly! What other games could parents or grandparents be playing with their children or grandchildren to start teaching money lessons this Christmas?
4. Pre-Paid Cards
This Christmas, why not give the gift of financial responsibility to your children or grandchildren with a GoHenry Kids' Prepaid Debit Card? 🎄💳
At WealthBuilders, we believe in shaping young minds for a financially independent future. We are helping parents leave a financial legacy for their children and be great money role models.
Here's why a GoHenry card could be a fantastic Christmas present 🎁:
1. Financial Education
With GoHenry, kids learn valuable money skills while having fun. It's a hands-on approach with in-app money lessons to help kids learn about wider money topics.
2. Safe & Secure
You control spending limits and monitor transactions, ensuring their money is used wisely and securely.
3. Responsibility
Empower them to manage their money responsibly, fostering lifelong financial habits. Set task lists and send rewards for completed chores to teach the value of responsibility and earning.
4. Parental Guidance
Stay involved in their financial journey, guiding them towards smart decisions.
You can even choose from 45+ customisable card designs!
This Christmas, invest in your child or grandchild's future and leave a legacy of an empowered next generation who can make informed monеy management decisions.
5. Books
📚 Looking for a thoughtful gift that combines the joy of reading with essential money lessons for your children or grandchildren? 🎁
Here are three examples of fantastic books with money lessons for your children or grandchildren…
1. "Grandpa's Fortune Fables: Fun stories to teach kids about money" by Will Rainey
A delightful collection of tales that make learning about money fun for kids!
2. "A Smart Way To Start - Marty's Birthday" by Dr. Mara Catherine Harvey
Your loved one can join Marty on his birthday adventure and discover smart money choices along the way.
3. "Barefoot Kids" by Scott Pape
Help your child or grandchild learn valuable financial skills with the Barefoot Investor himself.
It is key to ensure the younger generation is equipped with the knowledge and confidence to deal with the financial challenges and opportunities ahead and it’s never too soon to start.
Are there any books with money lessons that you would recommend children read? 📘👨👩👧👦
6. Premium Bonds
Thinking of gifting your children or grandchildren cash this Christmas? Consider Premium Bonds instead.
Premium Bonds are a unique savings product offered by the UK government, and here's why they could make a fantastic present:
1. Long-Term Value
Premium Bonds can be held for years, potentially growing in value by reinvesting any winnings to acquire more bonds and more chances to win in the future.
2. Easy Access
Premium bonds cost £25 per bond so they are easy to buy as a gift from parents, grandparents and relatives. You can cash bonds in with a month's notice so there is no long-term tie-in.
3. Tax-Free Prizes
The real excitement lies in the monthly prize draw. You have a chance to win tax-free cash prizes ranging from £25 to £1 million! It’s like playing the lottery but you get your money back if you lose! You can have your Christmas cake and eat it.
4. Safety
Premium Bonds are 100% backed by the UK government, making them one of the safest investments you can choose. Unlike traditional investments, with Premium Bonds, you can't lose your initial investment. Your money is safe.
5. Fun Too
Did you know that you can ask Alexa to read out your premium bond winnings? Gather the family around the table once a month and say “Alexa, ask Premium Bonds have I won this month?”
So, instead of just giving cash, consider the gift of Premium Bonds - it’s an investment in their future and a valuable lesson in financial responsibility!
