Alex Wade

AMP has released an educational e-book to help teach children good habits in money and finance.

Good Money Habits for Life is designed to assist parents and grandparents to pass on positive lessons and behaviours.

The e-book shows the key beliefs and attitudes that make a difference to how well we manage our money such as delaying gratification and having a savings goal. It then explains how to teach them to children by way of examples, stories and activities.

There are tips and strategies for talking to different age groups with the focus on making learning fun. The e-book also has sections on contemporary money issues such as dealing responsibly with debt and money in a cashless society.

AMP Australia CEO Alex Wade said the company regarded boosting financial literacy as a key strategy in helping Australians reach their financial goals.

“If we can educate kids and get them practising these good behaviours early it will make a profoundly positive difference to their lives, including driving stronger engagement with their wealth goals and retirement planning.  The earlier this happens the better the long-term outcomes,” he said.

The idea came from AMP employee and mother of two, Resselle Hrelja.

Ms Hrelja said she was motivated by the goal of having her children reach their potential.

“As a parent, I cannot make my children’s dreams come true. They will need to do that on their own. But I want to arm them with skills, knowledge, wisdom and enough heart to get them through their life journey.” she said.

You can download the e-book here.

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