When it comes to teaching your kids about money, this is where to start.

When it comes to spending, setting a good example for your kids can be tough.

For many of us it’s a case of – ‘do as I say, not as I do’.

But whether you’re responsible with money or your spending habits could be likened to Carrie Bradshaw in a shoe store, you still have to teach your kids the value of a dollar.

We chatted to Mia Freedman, radio host Brigitte Duclos, fashion editor Penny McCarthy and actor and author Andrew Daddo about how they manage (or in some cases fail) to do it.

This video is brought to you by CommBank


How do you teach your kids to value 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.