Teaching kids about money.

Did you know that 1 in 5 15 year olds do not have basic financial literacy skills? And that 1 in 2 of us has little or no savings? Managing money is a fundamental life skill so it makes sense to start teaching that skill from a young age. Watch our video 'Teaching kids about money' where we discuss how to help children learn these valuable skills.

Once upon a time parents used to say "Money doesn't grow on trees". That has now changed to "Money doesn't come out of a hole in the wall, or my phone". In an age of technology where cash is becoming increasingly invisible, how do we teach children the importance of good money management?

Ruby Connection editor, Louise Upton discusses with Bronwyn Lawson, financial educator with Westpac's Davidson Institute, ways we can help develop a positive attitude towards money in children and the skills and habits to support their ongoing financial wellbeing.