There's probably a lot of money advice you wish you would have gotten sooner. But for many people it wasn't about when they got the advice, it was more about when they decided to actually take it.
Tagged With financial literacy
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
Unless you were born into riches, you've probably dealt with money troubles. Financial problems can be a struggle, and "financial literacy" is the go-to solution to building good money habits. Create a budget, learn some basic rules and poof! Our money woes are cured. That's not all it takes to improve your finances, though. Not by a long shot.
From 14 to 20 March, the world celebrates Global Money Week. To mark the occasion, the Australian Securities and Investments Commission (ASIC) has released some practical tips for parents that will help children to develop good money habits in later life. (The key is to talk about it -- the earlier, the better.)