Family life, finances and raising your children – a holistic approach

Family life and finances often go hand in hand. Anyone raising a child not only has to impart values but also teach them how to handle money. Financial literacy is not an innate quality, but an important skill that must be learned.

In a world in which pressure to consume is ubiquitous and financial decisions are becoming increasingly complex, it is essential for children to learn to handle money at an early age. It’s not just about saving or spending, but also skills like:

• Budgeting and setting priorities: Understanding that resources are limited and decisions have to be made.

• Waiting for things or going without: Avoiding impulse purchases and recognising the value of patience.

• Only spending money one actually has: Developing an awareness of one’s own financial limits.

• Knowing what costs everyday life entails: Developing an understanding of the real costs involved in daily life.

These skills provide the foundation for financial independence and a self-sufficient life.

Pro tip: Give the Clanq app a try. With the Kids Banking Lite function, young children learn first how to handle physical money, while the parents are able to follow the process digitally in the app. This creates an initial understanding of income, expenses and savings goals.

There are even more tips in «wir eltern».

Rising living costs, higher health insurance premiums and holiday planning are constantly posing fresh challenges for many parents. Support is provided here by the «wir eltern» magazine, which regularly offers practical tips on all topics related to raising children – including finance, but also many other subject areas.

Free with Clanq

Thanks to the partnership with Clanq, parents who open an account currently receive a free annual subscription to «wir eltern». 

Offer

Anyone who opens an account with Clanq powered by Cornèr will receive a free annual subscription to the magazine «wir eltern» as a welcome gift.

• What: Ten issues of the print edition of «wir eltern» delivered straight to your home. The subscription ends automatically when the term expires. Note: «wir eltern» is available only in German.
• How: Download the Clanq app and open an account. You will automatically receive the free magazine subscription.
• Where: The Clanq app is available in the App Store and on Google Play. Links and further information are available at clanq​.ch

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