Kids, we need to talk
In 2018, the Financial Planning Association of Australia (FPA) published research about raising children in the “invisible-money generation” where cashless transactions are commonplace.
From several prior studies and personal experiences, we already knew adults find it hard to talk to each other about money. It came as no surprise, then, that almost seven in 10 parents surveyed didn’t know when or how to talk to their kids about money, especially in a digitally led world.
That same year the FPA published a helpful ebook about how to talk money with children (it’s still available online). Among all its tips the ebook says that between the ages of three and five, children can begin to learn what money is for, where it comes from and why we need it.
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