{"id":23316,"date":"2025-07-26T10:04:28","date_gmt":"2025-07-26T10:04:28","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/23316\/"},"modified":"2025-07-26T10:04:28","modified_gmt":"2025-07-26T10:04:28","slug":"how-to-teach-your-kids-about-money-without-making-it-boring","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/23316\/","title":{"rendered":"How to teach your kids about money, without making it boring"},"content":{"rendered":"

Real Money, a free weekly newsletter giving expert tips on how to save, invest and make the most of your money, is sent every Sunday. You\u2019re reading an excerpt \u2212 sign up to get the whole newsletter in your inbox.<\/a><\/p>\n

Thinking back to when I was in school, I struggle to remember any classes where money or financial literacy was the topic. Sure, we\u2019d cover things such as compound interest in maths, and I have a vague recollection of CBA\u2019s ill-fated Dollarmites popping in at some point, but that\u2019s about it. I have a far better recollection of the teachings of our lord and saviour Healthy Harold, but he was a giraffe puppet, so perhaps that\u2019s an unfair comparison.<\/p>\n

\"Shaping<\/p>\n

Shaping your kids into adults who deploy money strategically will change their lives.Credit: Aresna Villanueva<\/p>\n

Unfortunately, by all accounts, things haven\u2019t gotten much better in the [REDACTED] years since I\u2019ve left school. Melbourne University\u2019s HILDA survey in 2020 showed a sharp drop in financial literacy for those aged 24 and under, and numerous surveys since then<\/a> have reinforced that young people are falling behind when it comes to money smarts.<\/p>\n

What\u2019s the problem?<\/p>\n

A lot of the blame for this has been lumped on the government and schools, which is fair. The national curriculum does include some aspects of financial literacy, but it\u2019s largely up to schools on how to implement it, and it\u2019s not a stand-alone subject.<\/p>\n

Loading<\/p>\n

The government has also not made financial literacy a priority for years, with a 2022 decision to shift responsibility for the area<\/a> from ASIC to Treasury effectively shuttering any progress.<\/p>\n

This has meant a lot of responsibility for this stuff has fallen, for better or worse, on parents. But when it comes to such an open-ended topic as financial literacy, it can be difficult to work out where to start, especially in a way that will keep younger children engaged.<\/p>\n

What you can do about it<\/p>\n","protected":false},"excerpt":{"rendered":"Real Money, a free weekly newsletter giving expert tips on how to save, invest and make the most…\n","protected":false},"author":2,"featured_media":23317,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-23316","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/23316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=23316"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/23316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/23317"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=23316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=23316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=23316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}