Home News Kids Money Habits

Kids Money Habits

Font size :
 
Q. What are some simple ways to teach kids about managing money? We are going to start giving them a weekly allowance and want them to learn about saving and spending. 

A. There are some great ways to teach kids about spending and saving. It is really important that you start working with your kids as soon as possible as they start watching and learning money habits from you at a very young age.
Firstly, you should show you kids how to pay bills on time and why it is so important. With credit scores becoming even more important, they need to know that ignoring bills or making late repayments is not good. So, when a bill arrives, give it to your kids and have them write the bill due date on the calendar and also put a reminder in your phone. If you want to be really organised, pay the bills together on the same day. 
Secondly, to help your kids learn how to save, try giving them a piggy bank and when they have saved a certain amount of money, they can receive a reward. Also, when you go shopping, decide on a spending limit – this can help educate your kids on learning the difference between needs and wants.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

House prices return to more affordable levels in mining towns House prices return to more affordable levels in mining towns

While the end of the mining boom caused property prices to collapse, on the plus side, homes are more affordable again Read more

Borrowers should anticipate a possible rate hike Borrowers should anticipate a possible rate hike Some experts advise borrowers to look for a fixed loan that allows extra repayments so that they can whittle down the balance sooner ... Read more

Why choosing the right mortgage is hard for first-home buyers Why choosing the right mortgage is hard for first-home buyers Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals ... Read more

Mortgage applications drop in second quarter Mortgage applications drop in second quarter This marks the “beginning” of a downward trend, says Equifax executive ... Read more

More mortgage news and articles

Sponsored Links

Wednesday, Jul 26, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Whether you're a first homebuyer, looking to refinance, or investing, it's important to have the right loan for your needs. Just fill in a few details below and one of our trusted mortgage advisers will contact you.

A quick & easy way to find the right home loan
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords