How can parents foster financially literate attitudes and behaviour in their children?
Parents have an important role to play in teaching their children about money, and the best place to start is at home. By setting a good example and following some good, basic money management habits, parents can reinforce the lessons their children will learn at school. Parents can involve their children when it comes to managing money. For example, whether it’s the family budget or pocket money, parents can talk to their children about where money comes from and where it goes. And they could show their children how you save money and talk about the benefits of saving. For more information and tips, see the Teaching your kids about money information sheet, which is part of the Women understanding money information series. What role can the community play to support young people’s consumer and financial literacy skills? There are opportunities for students, teachers, schools, parents and the wider community to work together to build and enhance their collective knowledge, understanding
