Global Money Week

Teaching kids about money

The theme of this year's Global Money Week (25-31 March 2019) is Learn Save Earn.

Whether you're a parent or a teacher, Global Money Week is the perfect time to use MoneySmart's resources to talk to the kids in your life about money.

Teach your kids about money

Teaching kids about money is a great investment in their future. In a world of credit cards, online shopping and internet banking it can be hard for young people to see the relationship between learning, saving and earning.

It's important to make talking to your kids about money a part of 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. The budget planner or simple money manager are great tools you can use.
  • Earning their own money - pocket money or a part-time job can help young people learn responsibility and the importance of setting financial goals.
  • 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 more likely it is they will learn to make informed financial decisions, manage money day-to-day and plan for the future.

A great place to start is with pocket money.

Video: Kids pocket money advice

Kids pocket money advice

David and Libby Koch discuss some approaches you could take when talking to your kids about money.

This video was developed in partnership with the Koch family and Father Chris Riley's Youth Off The Streets.  

Teach your students about money

Hunter School of Performing ArtsTeachers play an important role in teaching students about money.

During Global Money Week, Hunter School of the Performing Arts took part in the Countdown Challenge where students answered a money related question every day in the lead up to the week.

The students photographed their answers, which they wrote on a whiteboard, poster or created digitally, and then posted the response on the school's Facebook page.

Leading the school's Global Money Week project, head teacher Cassie Portelli said that teaching financial literacy to students was crucial.  "Especially for students who may have a career in performing arts where their income can vary dramatically from week-to-week and month-to-month," she said.

"We like to teach financial literacy where we can, and the school embeds it into every Key Learning Area and year."

Professional development

"I like the online professional development because if you're going to teach money management, you need to know it" - teacher 

We have free professional development courses to help you boost your students' and your own financial literacy skills.

Feel confident and in control of your money with our Financial Health for Teachers personal learning program.

Classroom resources

We have many great classroom resources you can use to teach financial literacy during Global Money Week. Here are some of our more popular resources.

Primary resources

  • Money Match - younger students learn how to identify and match Australian coins and notes.
  • Goods and services - students learn the difference between goods and services, and how to earn money.
  • Party time - students will organise their own birthday party. They decide between needs and wants, create a simple budget and learn about making wise financial decisions.
  • Helping out - students engage with budgeting, currency conversion, scams and online security by running a fundraising event to save a creature from extinction.

Secondary resources

Related links

Last updated: 21 Mar 2019