When most kids get cash in their hot little hands, their first instinct is to blow it the latest gadget/toy/useless fad item.
To make sure this kind of decision making doesn’t continue too far into their future, parents need to make sure that their kids are learning how to save– as boring as it sounds.
Mia Freedman, Mamamia senior editor Bern Morley and fashion editor Penny McCarthy chatted to CommBank Start Smart facilitator Caroline McKeon about how to teach your kids about saving (and they’ll actually listen).
This video is brought to you by CommBank.
What are your best tips for saving money?
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Delivered by a national team of world-class facilitators, CommBank’s Start Smart workshops are designed to teach money management in a motivating and inspiring way. The aim is to equip students with the confidence and competence to make smart decisions about money.
The Start Smart program was founded in 2007 and each year it reaches over 285,000 students, making it the largest program of its kind in the world.
CommBank has recently extended its commitment to financial education by investing an additional $50 million over the next three years to enhance financial education programs across the country. This will enable more than 500,000 Start Smart student bookings annually from 2016.
Start Smart – changing the way young people learn about finance.
These Money Matters videos are intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any viewer and must not be relied upon as financial product or taxation advice. You should consider seeking independent financial advice before making any decision based on this information. Commonwealth Bank of Australia ABN 48 123 123 124.