It might not seem at first that there’s much we can learn about money management from our Saturday night TV viewing. But here at goHenry we’ve been looking at the greater wisdom of programmes like The Voice, back on our TV screens this month showcasing the best of amateur British singing talent.
And there are quite a few things we can learn from seeing those brave singers take to the stage in front of the likes of Kylie Minogue, Will.i.am, Tom Jones and Ricky Wilson. Here are our top four tips for money management courtesy of The Voice:
1. Rule number one? Preparation is key – making sure you've practiced means you have something to give when it comes to performing. And the same can be said for our money habits. It’s about preparing for your future. Managing money young will help you when you grow up and prepares children for their first real money management challenge, when they reach 18 and start work or go to University and can legally get their own credit card or take on a student loan.
2. Point two – when the singer starts and before the judges turn their chairs around, remember: even when no one is watching you make sure you're doing your best. goHenry teaches kids to manage their money well and handle it responsibly, meaning parents don't have to track their every move.
3. The power of bargaining – a key tool for success in life, whether it’s at a market, at a car boot sale… or deciding which celebrity judge to pick as your coach on The Voice! This third tip from the hit programme is one we can implement in our everyday life – TV is so useful!
4. Finally, our fourth tip gleaned from the talent show is that the hard work never stops. Once the judge has been chosen, then the practice and hard work starts again – a bit like when you spend, you then have to start earning and saving up all over again to build up your savings and enable future spend.
The Voice: a great Saturday evening lesson in pocket money management for you and your kids.