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How to talk money with Kids


The Financial Planning Association (FPA) has released an e-book to help those raising the next generation to have those sometimes difficult conversations around the concept of money.

The book is broken up into three areas covering Children (4 to 8 year olds), Tweens (9 to 12) and Teens (13 to 18). Given our reliance on “tap and go” these days it can be hard for children to grasp the concept of money, as they rarely see or handle cash.

According to research conducted by the FPA, 65% of parents believe their children’s generation will be financially worse off than their own. Hence having “money conversations” can help to make a difference for your children’s financial future.

The book provides some simple but effective ways to discuss money issues with your children and also outlines some handy Apps that may be useful.

If you would like a copy of this e-book please email us at COMPASS and we will send you a copy, admin@compassadvice.com.au

Robert


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