By Neil Rogan (on behalf of Cuffelinks) Benjamin Franklin said that “an investment in knowledge pays the best interest”, but given the rates of interest on offer at the moment and the spiralling costs of education, saving enough to fund your kids’ or grandkids’ education can be a real challenge. Wouldn’t it be great to…
In Australia, the minimum age for a primary account holder of a credit card is 18 years of age. Depending on the card issuer however, it may be possible for subsidiary cards to be issued to younger teenagers on behalf of the primary account holder. Whilst a large number of card holders are able to…
As adults, most of us receive some sort of regular payment be it a salary, pension or another form of benefit and in order for us to ensure that we have enough to live on from one payment to the next, we have to budget. This is an important skill to pass onto children although…
In many homes, the topic of money is a touchy one. It is considered rude – a taboo even – for parents to talk to their children about money. Many parents as a result shy away from addressing the issue of finances in their own homes. What the parents don’t realise is that this can…
When looking for ways to teach money principles to your children, why not start with talking to them about saving money through things they may already be doing? The most common example is taking their lunch to school rather than buying it. People spend a lot of money buying their lunch every day, and I’m…
Last month we looked at one of the most commonly asked questions “When is the perfect age to start teaching your children the value of money?” and what savings accounts you should you open. This month we’d like to continue our discussion on this by looking at the investment options available when setting up an…
One question we are often asked is “What is the perfect age to start teaching your children the value of money?” Very simply, it doesn’t matter what age your children currently are; now is the perfect time to help them. Ideally, as soon as you have made the decision to have a child you can…
Being a grandparent, I know that you want the best for your family. As a parent you wanted the best for your kids, making sacrifices in order to give them a better life. Now you have an opportunity to share the most important knowledge you have gained for yourself – how to create wealth and…
