We all wish we had learnt more about finance, saving, and investing when we were young. If we had, we could have avoided the foolish mistakes that have come back to haunt us later on.
Even though these days financial advice is available easily through a few taps of our fingers through TikTok on a smartphone, it’s often not practical or applicable to the average young Australian. Plus, by the time young adults become interested in managing their money they are often behind on basic knowledge which can lead to them making some common mistakes.
With access to all this information and misinformation, it is crucial to arm your kids with the financial rules required to navigate the minefield that is money, and make sure they have the best possible start once they leave school and start earning.
In today’s volatile financial landscape, having a solid understanding of how to manage finances can help them live a stress free, stable adult life.
Watch: Five money lessons your parents told you that you should probably forget. Post continues below.
Here are our three golden rules of money to teach your kids from a young age.