Do You Ever Worry About The Financial Future of Your Children?
Questions like, “How will my children get to own their own home, avoid crippling debt, save for retirement, cover the costs of raising my grandchildren (even if they haven’t been born yet), and live a full and happy life without money stress?”, are all very valid questions that concerned parents are asking at this critical time when it’s getting harder and harder to make ends meet due to the rising cost of living.
What chance will your kids have?
We would all love it if money was easy, but for many it is a source of ongoing stress. For far too long, people have been under-educated when it comes to money, which feeds directly into this problem.
Currently, the average Australian at retirement age has less than $200,000 in savings and investments!
That is not going to last long!
It certainly leaves no room for ‘living it up’ at a time when they should be kicking back and enjoying life!
I’m sure you want better than that for yourself, and for your kids, and not just at retirement age. Living well at every stage of life is something we all want!
Time For Change
With all of these concerns in mind, the Spending Planners Institute has created ‘Kids-n-Money’, to help parents give their kids a great start to their financial life.
‘Kids-n-Money’ makes it easier to put kids on the ‘financial front foot’ and have them better prepared for the money challenges that lie ahead.
Finances will impact every aspect of their life, so it’s vitally important that as a parent you do everything you possibly can to help your kids prepare for life with money.
And let’s face it, you don’t want to be called upon repeatedly over the years ahead to rescue your kids from financial trouble. You have your own financial responsibilities to tend to, so you definitely want them to become financially successful and independent as quickly as possible.
Obviously, if you teach them what they need to know about money when they are in your care, they will be much more likely to succeed financially, where they might otherwise have failed without that guidance.
As a parent you can do a lot to ensure the financial success of your kids, and there’s nothing more rewarding than knowing you gave them the best possible start to life, and then seeing them successfully building on the foundations you laid, as they go their own way.
David Wright, is the founder of the Spending Planners Institute. Since 2015, the Institute has been training Certified Spending Planners, whose goal is to provide tools, education and systems to families who are keen to take control of their day to day finances (something all the other finance professions have overlooked or ignored).
‘Kids-n-Money’ is a new initiative from the Spending Planners Institute and Mr Wright says it is very exciting to think that parents will now have resources available to assist them in preparing their kids for life with money.
Sherri Dumbrell is a Certifed Spending Planner since 2017. In 2019, she received the award ‘Outstanding New Spending Planner of the Year’. In 2021, she received the top award ‘Spending Planner of the Year’. Sherri is passionate about teaching money truths (financial literacy) because we were not taught in school. Money makes your world go round or pear-shaped. As a SAHM for 27 years raising 5 children she learned how to manage their family finances to ensure all their expenses, planned and unexpected, were covered in the future as well as get what they really wanted. Sherri and her husband Greg taught their children money truths, plus most importantly by their example.
17+ Critical Topics
‘Kids-n-Money’ is based around 18 topics that have been identified as THE critical key topics all kids must know about if they are going to succeed with money.
Each topic is a chapter in the book ‘Kids-n-Money – How to Give Your Kids Their Best Financial Future’, written by Spending Planners Institute founder, David Wright.
The 18 Chapters are:
1. Money Security
2. Protecting Yourself FROM Yourself
3. Organising the Flow of Money
4. The 6 Types of Expense
5. Habits – Spending Less Than You Earn
7. Borrowing Money, Credit Cards and Loans
9. Relationships and Money
10. Managing Risk/Insurance
11. Cars and Car Loans
13. Income Tax
14. Employment (bonus)
15. Property/Real Estate/Home Ownership
16. Shares/Stocks Market
18. Death and Wills
It would have been great if we adults had known more about each of these topics when we were starting out on our adult life journey, but it simply wasn’t something that was seen as a priority. Educators were focussed on other things, and it was assumed that everyone would be able to find their own ways to manage money.
We can’t turn back the clock to undo the past, but we can do something about the future. Not Just For Kids
The Kids-n-Money resources created by the Institute provides an opportunity to make sure the next generation does not suffer from a lack of financial education, and at the same time it has the potential to provide huge positive benefits for today’s parents.
All teachers know that you learn the fastest when you teach something, so by giving parents the information and the tools required to teach their kids about money, the Spending Planners Institute believes this will go a long way to giving today’s parents the solid basic financial education they may have missed out on as kids when they teach their own kids.
It’s a win-win situation.
So, to all parents who know they want to do something positive about improving their own financial situation, and at the same time, teach their kids what they need to know about money, ‘Kids-n-Money’ is for you.
A Better Financial Future
‘Kids-n-Money’ should be the catalyst for a much brighter financial future for you and your kids, both now and in the future.
Whether it’s a better car, a better home, your children’s formal education, a great family holiday, bills paid on time with no stress, all of the above, or something else that’s important to you, taking the time to teach your kids what they need to know about money, and use that as an opportunity to benefit yourself as well.
The ‘Kids-n-Money – #17 Money Truths To Teach Your Children Before 18‘ online course is currently available for a small fee through this website.
A Great Start to Life
Your kids will most likely not be aware of just how much they will benefit from your taking the time to teach them what they need to know about money! It’s likely they will never know what living without that knowledge would be like! BUT, they will have benefited greatly, and you will have given them a great start to a great life.
Please share this webpage with anyone you know who has kids, young or old.
‘Kids-n-Money’ has been developed by the Spending Planners Institute with two clear goals in mind; to help parents give their kids a better financial future and also for parents to become better educated around money