It can be tempting to pay all your child’s expenses and buy them what they need. But you could be missing out on valuable opportunities to teach them about money.

Financial literacy is not a subject taught in most Australian schools. So you may want to give your children a grounding in money management. But how do you teach children the principles of financial planning in a way that’s easy to grasp?

The statistics show that bullying is a serious problem in Australian schools.

According to Relationship Australia, 25% of students experience bullying at some point during their schooling years. An estimated 45 million bullying incidents occur in Australian schools each year, affecting around 218,000 people.

Packing an enjoyable lunch for your child can be challenging, especially if they’re a picky eater. So how can you ensure lunch boxes don’t return home uneaten?

Want to inspire your child to set savings goals?

Want to inspire your child to set savings goals?

Is your child ready to start doing chores to earn pocket money?

Kids are constantly bombarded by advertising. It can be direct advertising like the internet or television, or more subtle like windows displays or their friends telling them to try a product.

How much screen time to allow your child is a difficult choice, and it doesn’t help that nobody seems to agree on how much is too much either.

As a busy parent, packing your child’s school lunch can be a hurried exercise that results in a lunch box filled with unhealthy foods.

Here are five lunch box tips for ensuring your kids enjoy a healthy school lunch.

Here is a fictional example of how families can use FLX to help their kids learn to earn, save and spend.

By the time Alice and Mark decided to have a child, Trixie, they had learnt a lot about managing money, setting a savings goal and planning for your retirement. They were excited to teach Trixie about money from a young age.

Some people think saving small amounts of money is not worth it, so they don’t bother. But any savings is better than none, and those small amounts can grow into a sizable sum in the long term.

People often realise they need to take care of their family’s financial security if they’re no longer there, but it’s equally important to take care of their financial security when you are there.

Up to July 2022, employees had to earn a minimum amount to qualify for super. But now employers must always contribute a portion (currently 10.5%) of employees’ ordinary-time earnings if they meet the above conditions.

“Do as I say, not as I do” is usually not the best approach to take with kids. That’s because children pay more attention to your actions than your words.

You may not realise it, but they are also aware of your money practices. If you push your kids to spend less and save more but do the opposite, they’re more likely to adopt your bad money habits than follow your instruction.

Children are trusting, which makes them more susceptible to falling for scams – which criminals are sadly willing to exploit.

At FLX, we talk a lot about how to get kids to save more, but there’s another good money habit to instil in your child – spending less.

Some parents may welcome their teens earn pocket money by contributing to the household. Others may not require their teens to do chores. Either way, encouraging your teens to try a few jobs could help them make better career choices as they grow up.

Most parents think they shouldn’t saddle their children with grown-up issues like household finances.

But whether you openly discuss it with your children or not, kids are impacted by money matters.

One of the best ways to teach your children to save from a young age is by creating a simple yet enticing system for them to follow.