22 Aug 2018
Education: Kids & Money
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
How do you educate your children about money without handouts?
The problem with just giving money to your children is that there is the real possibility of ruining them financially as adults.
We have linked a research paper about the Invisible-Money Generation which is about how money for children no longer exists in just the form of paper and coin.
For example, V-Bucks are used in Fortnite as currency to purchase items.
The purpose of the research is not to alienate our children from the evolution of money but to help us as parents understand our own attitude towards money (whether relaxed, engagers, avoiders or troopers) so that we can educate our children about money.
This is not easy.
Click to read.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.
