Introduction
Money can be a tough topic—but it’s one we can’t afford to ignore. Debt Awareness Week (17th–23rd March 2025), led by StepChange, aims to break the stigma around debt, offer support to those in need, and encourage open conversations about finances.
For families and nannies alike, this is the perfect time to reflect on financial well-being at home. Whether you’re managing a household budget, teaching children about saving, or supporting a family facing money struggles, there are practical ways to build healthy financial habits together.
Why Debt Awareness Matters in Family Life
Debt doesn’t just affect numbers on a bank statement—it impacts mental health, relationships, and daily routines. For families, it can mean tough choices:
Cutting back on essentials Cancelling activities for children Living with ongoing stress or shame
Acknowledging the problem is the first step toward fixing it—and Debt Awareness Week is all about showing that help is available and you’re not alone.
The Role of Nannies in Supporting Families
As a nanny, you’re often part of the inner workings of a household. While financial matters are personal, there are ways to support a family going through financial challenges with sensitivity and professionalism:
Be mindful of household spending – Suggest cost-effective activities and free days out. Support routines and structure – Sticking to routines helps provide emotional security when other areas of life feel uncertain. Offer practical suggestions – If appropriate, share ideas for low-cost meals, educational freebies, or local support groups. Be discreet and compassionate – If a family opens up about financial concerns, listen without judgement and respect their privacy.
Talking to Children About Money
You don’t need to dive into the details of debt with children, but it’s important to teach them the value of money and build healthy habits early.
Here’s how to introduce money in age-appropriate ways:
1. Use Play to Teach Money Skills
- Set up a pretend shop and practise using coins
- Use pocket money to teach saving, spending, and giving
- Read age-appropriate books about money
2. Encourage Saving
- Give children a jar or piggy bank and set a savings goal
- Praise progress, not just the end result
- Let older children open a savings account with your support
3. Make Spending Decisions Together
- Talk about value vs. price (“Is this toy worth the money?”)
- Involve children in small choices at the supermarket
- Use real-life examples to show budgeting in action
Tips for Families & Nannies: Managing Finances Together
Whether you’re a parent or a nanny, here are some ways to promote financial well-being in the home:
Plan meals and batch cook to reduce food waste and spending Use free local resources (libraries, museums, playgroups) Rotate toys and clothes through swaps or second-hand markets Limit impulse spending—make lists before shopping Normalise conversations about money—keep it positive and judgement-free
Where to Get Help
If you or someone you know is struggling with debt, support is available:
StepChange Debt Charity – Free expert debt advice: www.stepchange.org Citizens Advice – Local support with budgeting and benefits MoneyHelper – Tools and advice for managing money
Final Thoughts
Debt Awareness Week is a reminder that money worries can affect anyone, but no one has to face them alone. For families and caregivers, small changes in mindset and daily habits can go a long way in promoting financial stability—and helping children grow up with healthy money values.
Let’s talk more, judge less, and support each other in building a stronger financial future—for ourselves and for the next generation.