KIDS029 Three steps to your kids' financial success (507 words)

We all want to give our children a head start in life. This three-step article will help you to instil sound financial habits in your children by setting the foundations of good money management and savings now.

For many of us, our first experience of banking and savings was the school Savings Account Program.

But in 2019 the Australian Securities and Investments Commission (ASIC) raised concerns that these accounts had little lasting impact on children’s savings behaviour.

All parents want their children to be better-off than they were – more secure and financially independent, but the big question remains: where do you start?