Global Money Week
Teaching kids about money
Teaching kids about money is a great investment in their future.
In a world where we use credit cards and online shopping to buy the
things we need, and internet banking to move our money around, it
can be hard for young people to see the relationship between
earning, spending and saving.
Parents and teachers play a vital role in helping kids
understand the value of money and how to manage it. Global Money
Week (14-20 March 2016) is the perfect time to use ASIC's
MoneySmart resources to help you talk to the kids in your life
What is Global Money
Global Money Week is an international campaign that promotes
awareness of money and the importance of financial literacy.
Every year, in the second week of March, schools, organisations and
communities around the world take action to give people the
tools they need to shape their financial future.
The theme of this year's campaign is 'Take Part. Save Smart!'
Visit the Global Money
Week website for more information.
Teach your kids about
One way your kids learn how to deal with money is by watching
you manage the family's finances. When they see you withdraw money
from the ATM, pay the bills, or buy the groceries, do they
understand where the money comes from and why you make choices
about money the way you do?
There are opportunities to talk to your kids about money when
situations arise in everyday family life, for example:
At the ATM - explain where the money comes from
and how you've earned it. Help them understand it doesn't just come
out of a hole in the wall.
At the supermarket - prepare a list, research
prices and show them how you
can save money if you shop around.
Doing the family budget together - involving your
kids in budgeting
can help them learn the difference between needs and wants, costs
and spending. Our budget planner is a great tool you can
Earning their own money - pocket
money or a part-time job can help young people learn
responsibility and the importance of setting financial
Mobile phones - discuss options for mobile phone plans and
checking and managing data usage to control costs.
The earlier kids learn about how money works in the real world, the
better they are likely to be at making their own financial
decisions later in life.
Visit our teaching your kids about
money page for more ideas on how you can help your kids to be
good money managers.
Our MoneySmart Teaching program
has a range of tools and resources for teachers to help young
Australians become confident and informed consumers.
Here are some examples of some
MoneySmart Teaching resources that teachers can use during Global
- Money and people -
primary students learn the difference between needs and wants
by comparing how young people in different countries manage their
- Mobile credit -
secondary students learn how to manage the cost of their
shopping and banking - highlights how students can protect
themselves and their finances online.
- Social media - kids
learn how to manage social networks within their credit and data
Check out more resources for
teachers on our using MoneySmart
in the classroom webpage.
We have a professional development
program that includes online and face-to-face workshops to give
teachers the skills and knowledge they need to teach young people
More than 14,000 teachers have
undertaken ASIC's MoneySmart Teaching professional development
since 2012. To find out more visit our professional development
webpage or contact one of our State and Territory
Financial Health for
Teachers is a series of videos based on life events
to help teachers feel more confident about their personal
Video: Interviews with kids about money
Video kids and money
Hear what kids have to say about money when financial
commentator Scott Pape visits a school. You may be surprised by
what they do and don't know.
Become a MoneySmart
ASIC's MoneySmart Schools program provides recognition and
support for primary and secondary schools that make it a priority
to teach students how to manage money.
Find out more about the MoneySmart Schools program, and how
your school can become a MoneySmart
Get into the spirit of Global Money Week this
year by helping the kids in your life develop better money
Last updated: 30 May 2016