When you mention the words ‘market value’ to your children, you can bet their eyes will start to glaze over.
But when you’re a kid, getting paid a dollar for giving your mum a massage sets you up with some pretty unrealistic ideas about the value of money.
That’s why it’s so important to teach your kids about how much their work is really worth.
Mamamia TV chatted to Caroline McKeon, Start Smart Facilitator at CommBank about how you can make this an eye-roll free experience.
This video is brought to you by CommBank.
How do you teach your kids about getting a fair wage?
Want more? Try these…
Yes, your spending habits rub off on your kids but here’s how to make that a good thing.
Money saving advice for your kids (that they’ll actually pay attention to).
“Women are hardwired to be conservative with money. I say bollocks.”
Delivered by a national team of world-class facilitators, CommBank’s Start Smart workshops are designed to teach money management in a motivating and inspiring way. The aim is to equip students with the confidence and competence to make smart decisions about money.The Start Smart program was founded in 2007 and each year it reaches over 285,000 students, making it the largest program of its kind in the world.
CommBank has recently extended its commitment to financial education by investing an additional $50 million over the next three years to enhance financial education programs across the country. This will enable more than 500,000 Start Smart student bookings annually from 2016.
Start Smart – changing the way young people learn about finance.
Disclaimer
These Money Matters videos are intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any viewer and must not be relied upon as financial product or taxation advice. You should consider seeking independent financial advice before making any decision based on this information. Commonwealth Bank of Australia ABN 48 123 123 124.
Top Comments
1Buy an older cheap car New cars are the worst investment you will make. 2 No holidays.Holiday memories wont put food on your table or go to saving for a place to live.3 When you buy your first house no expensive furniture.Get a package deal from Fantastic furniture,Cheaper than the others and good stuff that will last you until you can afford better.4 pack your own lunch.5 Cut down on coffee shop coffee or if you must go to mccafe,tastes just as good if not better than hipster coffee and is cheaper.5 Every possible cent should go to paying off your residence.When all thats done,maybe then you can go on a overseas holiday,not manditory as there is plenty to see in Aus at a fraction of the price
Actually travelling overseas is probably cheaper. Discount air tickets to SE Asia, then accomodation, food and sightseeing are likely cheaper than domestic prices here.