Financial Literacy: the key to success

Over the weekend I had an interesting conversation with our youngest at his request… about shares. He is ten.

It’s never too early to start talking about finance and money with your kids. In fact, you should absolutely make it a priority and actively make finance and money a topic of discussion around the dinner table.

Overall, people are making substantially more financial decisions over their lifetime, living longer, and gaining access to a range of new financial products; credit cards, loans, investments and super. These trends, combined with low financial literacy levels around the world and, particularly, among vulnerable groups including women and children, indicate that elevating financial literacy needs to become a priority.

Financial literacy can result in improved outcomes when making financial decisions, saving, investment and being prepared for costly emergencies. Confidence with money also means that you’re less likely to experience money worries and you’re more likely to be successful overall.

For most people, their mortgage and property investments are their most substantial budgeting item so it’s super important to make sure that you have your lending structured effectively, to serve you well in the short and long term. We’ll provide you with the options you need to make the right decision and educate you along the way.

Ironically we never really spoke about money growing up in our house(s) and so we are making it a real priority for our kids and we’re happy to talk to yours too! We’re here any time, no matter how big or small the questions might be.

If you’re nerds like us and interested in the research, here’s the link to the full article Financial Literacy Research

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