Yes, your spending habits rub off on your kids - but here's how to make that a good thing.

What kind of spender are you?

For kids, emotional spending usually means blowing their pocket money on lollies at the canteen. Harmless, right?

But as they get older it can become a more serious problem– for your bank account, anyway.

CommBank Start Smart Facilitator Caroline McKeon chatted to Mia Freedman, Mamamia senior editor Bern Morley and fashion editor Penny McCarthy about their own emotional spending and shared some easy tips for teaching your kids the right lessons.

This video is brought to you by CommBank. 

 

Are you an emotional spender? Can you see it rubbing off on your kids?

Want more? Try these…

The sexiest word in your financial vocabulary…

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.}