Are you a money pushover?

Are you a money pushover? Being loyal, generous and spontaneous are all positive human traits. But if you’re spending more than you need to because you can’t say no, then it could be time to own up to being a money pushover. Get tips on how to stop compromising on your finances and start standing up for yourself. If you’re shy about coming forward to collect money you’re owed and always the one picking up …

How to talk to your kids about money

How to talk to your kids about money Children first learn about money and how to manage it – earn, spend, save, invest, give it away – from watching and listening to adults. When we share positive behaviour and are frank about money, we create realistic expectations for children and we empower them to become financially capable adults. So, why not weave smart money lessons into your everyday moments? Download our free eBook now for ideas and …

When to start talking money with kids

When to start talking money with kids If you want your kids to get into good habits with money, when should you start teaching them about it? Are the pre-school years too soon for pocket money and chats about spending money online? Find out more from our Share the Dream report about how and when parents are talking money with their kids. Aussies may have a natural reserve when it comes to talking money. But …

How are parents teaching kids value of money in todays digital world?

How are parents teaching kids the value of money in today’s digital world? As part of their Financial Planning Week campaign, the FPA conducted national research with The Curious Co. The Share the Dream national survey of 1,003 Australian parents of children aged 4-18, gives new insights into our nation’s financial capability and readiness to share the dream with the next generation. Did you know that two thirds of Aussie parents believe digital money is …

Home to roost: Advice for parents with adult kids living at home

Home to roost: Advice for parents with adult kids living at home Do you have adult children living with you? Thanks to housing affordability and stagnant wage growth, more kids are relying on Mum and Dad to keep a roof over their head well into their 20s and 30s. Get some advice on how to foster financial independence in your kids, so they’ll be ready to stand on their own two feet when they leave …

Why a job means more to kids than money

Why a job means more to kids than money Getting your kids out to work isn’t just about teaching them the value of an honest day’s work. It’s also a great way for them to start taking an interest in all sorts of financial matters. Find out more about what your kids stand to learn from their earliest years in the workforce. Kids are quick to learn that money doesn’t grow on trees. According to …

How to invest for your kids’ education

How to invest for your kids’ education When kids are starting school, will your finances be ready too? You’ll often have many other financial commitments at this time – your mortgage, family holidays, insurance, grocery bills and more. If you think a fee-paying school could be on the cards, how will you cope with another big bill to pay? We talked to CERTIFIED FINANCIAL PLANNER® professional Paul Garner, financial planner and principal at Novo Wealth, …

5 ways to set your kids up for financial success

5 ways to set your kids up for financial success As we move towards a cashless society, how do we teach children that money comes from hard work and good financial management and not some magic money pot in the sky? “In a world of credit cards and online banking, actual physical money is becoming an alien concept for today’s young. From their perspective, a quick tap of the plastic is all it takes to …

Working after kids – is it worth it?

Working after kids – is it worth it? To work, or not to work? That is the question many Australian women (and some men) have to consider after having children. Sadly, both options can have long-term negative financial consequences. While it would seem obvious that not working is likely to set your bank balance back, going back to work can also be costly. Indeed, studies have shown that some mothers go back to work for …

Should you be sharing your super with the kids?

Should you be sharing your super with the kids? According to the latest research from REST Industry Super, working Australians aged over 50 are very much in the habit of making financial contributions to their kids. So far they’ve shelled out $31.6 billion for home deposits, $55.9 billion for education and nearly $10 billion for wedding expenses1. So is funding major life events for the next generation affordable? And what happens when you want to …