In an ideal world, every chickadee leaves the nest at age 18 with a savings account and enough knowledge to pass a pop quiz about credit scores. But we all know that sometimes doesn’t happen.
Tagged With financial literacy
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.)