What are we teaching girls about money ?

As adults what do you believe about money that might not be true?  Our beliefs surrounding money make as big an impact on our prosperity as what we actually do with it. Equally, what we think and what we say about money has a huge impact on what shows up in our lives.

Many of these thoughts are picked up from what we see, hear and experience as children. This is a big reason why we need to pay more attention to what we teach our kids about money, with our everyday actions. This is especially the case for girls.  WHY?

Teaching Girls about money, old style

A recent survey from T. Rowe Price revealed that of the nearly 2,000 parents and kids surveyed, 58% of boys said that their parents discuss financial goals with them, whereas for girls that figure was just 50%.

What’s more alarming is that parents admit that they believe their boys are simply smarter than their girls when it comes to finance. Some 80% of parents who have a son think he understands the value of a dollar, compared with only 69% of parents who have a daughter.

These beliefs are generated by society and old family values : the father being the source of income and the mother taking care of the house and children.

These archaic, harmful attitudes may create a generation of financially-dependent girls. Family values and the structure of a family’s income have changed in the last few decades.  The way we teach girls about money needs to change too.

Teaching girls about money, new style

Here, are five critical lessons to impart to your daughters.


Confidence is the most important personality trait when it comes to investments. So show your interest in her achievements and help her to always believe in herself.

Remember gender-influenced investing decisions during the Great Recession in 2008? Men were 10% more likely to panic and cash out of the stock market, while women’s patience and long-term vision allowed them to stay the course, and reap the benefits as the market rose to historic heights in 2013.

Financial independence

Choosing between family or career may have been the stark choice our mothers had but the world has changed and our daughters need to know that.

To achieve financial independence,  girls need to be career-driven. Thus, let’s get them to talk about career dreams, and encourage a spirit of entrepreneurship to create the businesswomen of the future.

Forget the ‘women are shopaholic’ myth

Minimize the princess treatment. The media is falsely advertising the stereotype of the helpless little lady incapable of balancing her checkbook, but the truth is women comprise 60 percent of all accountants and auditors in the United States, meaning they are not just balancing their checkbooks but those of many others including plenty of men.

Don’t discriminate when it comes to pocket money

Unfortunately, studies have shown that gender pay gap begins with pocket money at an early age.

A UK government annual report, based on online surveys of 2,000 schoolchildren, revealed that the gender pay gap begins in childhood with boys on average receiving 20% more pocket money than girls.

The pocket money disparity is £2.20 per week and message behind it is extremely disparaging.

Making money decisions

Regular payments should be given to both boys and girls. Holding on to girls’ money until it is needed, is not healthy. It teaches them that they don’t have control of their own finances and that it’s better to have someone else handle it for them.


Christopher Needler is a businessman, entrepreneur and the former Chairman of Hull City. he is the co-author of 3 books:
– It Doesn’t Grow on Trees
– Debtwatchers Debt Mastery Program
– Sanity in Clarity