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Imagine how your daughter would feel if she was given less pocket money than your son? To mark International Women’s Day today and it’s theme of pay parity, we asked kids how they would feel. Watch their response and let’s change things for a more ‪#‎equalfuture‬

@ANZ_AU  #IWD2016 #PledgeForParity

No-one dreams of their kid growing up to go on Welfare, right! So why as parents do we hand out money to our kids or buy things for them without first making them earn it.

I’m not talking about cracking a whip and forcing them into slave labour.  I’m talking about real reward, for real behaviours that you determine and it doesn’t need to be difficult or even time consuming.

Kiddy Credits helps you teach your kids the basic principles of money management in a fun, interactive environment.  What’s more, making “cents” of money management can be done in minutes a day!

 

You wouldn’t like it if one week you were paid and the next you were not. How would you plan for the future, pay your bills or god forbid SAVE.

By taking the hard work out of managing the payment of pocket money, Kiddy Credits makes it easy and quick to ensure that your kids remain interested, and you remain consistent.

After all, learning that money must be earned is only part of the equation.  In order for them to learn how to manage and value it, the payment of that money must provide a regular and consistent income stream.

Manage all your kids from one page.  Monitor their progress, provide feedback and give them a nudge in the right direction.  What you do now helps determine your kids financial future!

Kiddy Credits is continually rolling out new features in line with the Financial Literacy Framework to ensure your kids are exposed to real learning experiences with real money. Age appropriate features can be added and removed to customise a dashboard that is as unique as your child.  Once they’ve got a grasp of the basic principles, the sky’s the limit and we are here to help your kids reach for the stars!

Kiddy Credits virtual bank account (we like to call it the Bank of Mum and Dad) mimics that of a real one, with real consequences.

Just like in the real world, your kids can manage their money. Transfer between accounts, spend and heaven forbid even save.

Also just like in the real world, they can make real mistakes with real money that they really earned. But because it is in a controlled environment they get all the benefit of the learning experience without ending up in financial ruin.

Little Johnny can learn a valuable lesson from seeing his sister Suzy buy an iPod touch when all his money has been blown on lollies and junk. And it’s got nothing to do with going to the Dentist!

THOSE who advocate teaching personal finance to children in primary schools envision adults in the future who are able to budget, understand the implications of rollover credit card debt and can sidestep complex and risky investment products.

Professor Emeritus Lewis Mandell, who has researched financial literacy issues in the last 15 years, is quick to bring these notions down to earth. Teaching financial literacy to kids doesn’t work, he says bluntly. Financial literacy is defined as the ability to make important financial decisions for one’s own benefit.

There are, however, ways to raise the chances that children will absorb sound personal finance principles. One way is to allow them real experience with money – with adult guidance.

Read more here