AMP releases money guide for kids
AMP has released a guide for kids and parents called Good Money Habits for Life, an educational e-book to help teach children about money and finance.
It was designed to assist parents and grandparents to pass on positive financial lessons and behaviours, by showing key beliefs and attitudes make a difference when managing money.
There were different tips and strategies for talking to different age groups with the focus on making learning fun, with sections including contemporary money issues such as dealing with debt and money in a cashless society.
The idea came from AMP employee and mother of two, Resselle Hrelja, who was motivated by the goal of having her children reach their potential.
"As a parent, I cannot make my children’s dreams come true, they will need to do that on their own,” Hrelja said.
“But I want to arm them with skills, knowledge, wisdom and enough heart to get them through their life journey.”
Alex Wade, AMP Australia chief executive, said the company regarded boosting financial literacy as a key strategy in helping Australians reach their financial goals.
“If we can educate kids and get them practising these good behaviours early it will make a profoundly positive difference to their lives,” Wade said.
“Including driving stronger engagement with their wealth goals and retirement planning. The earlier this happens the better the long-term outcomes.”
Recommended for you
Doubt has been cast on whether Minister for Financial Services, Stephen Jones, will be able to progress the Delivering Better Financial Outcomes reforms within a year.
The financial advice profession should be embracing career changers and mature students, according to two commentators, as well as targeting those new graduates.
With Insignia’s sale of Millennium3 expected to see 140 advisers moving over to WT Financial by mid-December, this could cause a shift in which licensee closes out the year with the most advisers.
A financial adviser has been banned from giving personal advice to retail clients until 2025 after the FSCP found there is a “real risk of harm” to the public’s confidence in the industry if he remains registered.
COMMENTS