Kids Money

When it comes to teaching the basics of finance to your children I’m sure most parents would agree it’s never too early to start.  As a father of four, I’ve come to realize that more and more young people are managing financial matters, such as credit cards and mobile phone payments.

That’s why I reckon it’s best to get your kids started as early as possible, so they’re not only aware of the dangers and pitfalls they could run into, but so they can understand the value of money and how to best manage their finances later in life.

Believe it or not, 90 per cent of children learn their financial habits from their parents. So unless someone sits down with them and explains financial matters with them, and explains that there are a number of ways managing finances, they’re just learning by observing and may pick up bad habits.