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.”
AUTHOR
Chris Dastoor
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.
