“It’s been based on teacher keenness, the space in the timetable, whether the school funds it or not,” Sorted in Schools learning lead Yasmin Frazer told Nadine Higgins on The Prosperity Project Podcast.
Frazer said reinforcing at home what they’re now learning at school doesn’t have to be complicated.
“Expose them to what’s appropriate for their age. Include them in tasks such as going shopping and looking for better prices on different things,” she said.
Frazer said children absorb far more than parents might realise.
“They’re hearing you talk about money, or stress about money and they’re soaking it in - whether you’re talking to them about it or not."
That doesn’t mean parents need to share every financial detail, she said.
“Sitting down and going through the budget with the kids is probably not high on the agenda, but there’s things I can do to be transparent, like the kids keep talking about going overseas, how are we going to make that happen?”
Pocket money – if you’re able to do it - can also be an opportunity for kids to apply what they’re learning.
“Having that physical money’s really important. So, you have your ‘spend’ jar, you have your ‘save’ jar, your ‘share’ jar, and then you’ve got your ‘growing’ jar.”
Explaining why the family isn’t buying something, or is choosing one option over another, can also be an opportunity to discuss money and financial goals.
“‘That’s not a priority for us right now’ - that’s really good language to be using,” Frazer said.
But - as is often the case with kids – what they see is often more influential than what you tell them.
“Modelling is the key thing,” she said.
Watch or listen to the full episode of The Prosperity Project for more.
The Prosperity Project is hosted by Nadine Higgins, an experienced broadcaster and financial adviser.
Follow the show at iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. New episodes are released every Monday.
