Editors Picks Monday, 02 February 2026

Money education should start early

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Updated 02 Feb 2026
Portrait of happy family of mother and two kids putting money coin into piggy bank lying on floor in living room at home together. Family savings, investment and money management concept.
Portrait of happy family of mother and two kids putting money coin into piggy bank lying on floor in living room at home together. Family savings, investment and money management concept. Shutterstock | Copyright (c) 2025 Studio Romantic/Shutterstock. No use without permission.

FINANCIAL literacy is a vital but often overlooked life skill that shapes long-term decision-making. An RMIT expert says money education should begin in childhood using simple tools like pocket money and jars to teach saving and spending. Teenagers benefit from bank accounts, budgeting and understanding credit, while young adults should learn about superannuation and compound growth early. Financial education builds responsibility, confidence and stronger life choices, not just better money management.

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