Whilst Money Week is a great initiative to build awareness around financial literacy, money management and investment, is it really going to reach those people who need it most?
Are you wondering where your money is disappearing? Well this week is Money Week, with some great opportunities to lean more about managing your money. There are workshops, seminars and plenty of other financial resources that are going to help you learn how to improve your financial literacy.
However, it is quite likely that the majority of people who are going to attend events aren’t the ones that actually need to be there.
It’s like anything in life we want to change, if we aren’t committed and clear that we actually want to make change, then we aren’t going to. We might have friends and family around us saying we need to change our financial behaviour, but until you actually own that ‘Need’ and it becomes a clearly defined ‘Want’, you are going to do a big fat nothing!
Financial literacy for children is a hot topic. Start them young so they learn to save not spend, is one school of thought. But what if as a parent you are struggling with your own financial literacy can you be a positive role model?
Children and money is always a very interesting topic of conversation.
The question of what to teach children about money and when to start is something I am asked quite frequently in my role as a money mentor.
I really like Rob Stocks article Cents and Financial Sensibility, his 10 point checklist, whilst somewhat tongue in cheek, does have a few gems in it.
Teaching your children financial literacy should go hand in hand with their understanding of maths. There is no point trying to teach the value of $20 or what you can buy with it if the child can only count to 10.