Should you burden your maturing youngin' on how you make your money work for your household? Should you spell it out for them, so they understand how the adults in the household have sacrificed for their wellbeing as well as the comforts in life which they enjoy? Or should you let them enjoy life, and live a carefree unencumbered life because after all, they've got a whole lotta years of adulting to enjoy? 

Key Takeaways:
It's crucial for children to learn about money early on, including budgeting, saving, and investing.
Transitioning from cash to digital transactions presents challenges in teaching kids about the value of money.
Encouraging children to work part-time can provide valuable financial skills and experiences.
Understanding new financial tools such as Afterpay and digital banking is essential for today's youth.
Engaging in open, non-judgmental conversations about finances can help mitigate money-related mistakes.

Notable Quotes:
"One out of one people in the world need to understand and deal with money." — Pete Burrows
"The earlier you can start [financial education], the better." — Pete Burrows
"It's a good idea to set up bank accounts for kids to teach them about saving and spending." — Pete Burrows
"Mistakes are your best resource because you can learn from them." — Pete Burrows
"You want to keep open conversations… lean into [money] learning opportunities." — Pete Burrows

 

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Should you burden your maturing youngin' on how you make your money work for your household? Should you spell it out for them, so they understand how the adults in the household have sacrificed for their wellbeing as well as the comforts in life which they enjoy? Or should you let them enjoy life, and live a carefree unencumbered life because after all, they've got a whole lotta years of adulting to enjoy?&nbsp;
Key Takeaways:
<ul>
<li>It's crucial for children to learn about money early on, including budgeting, saving, and investing.</li>
<li>Transitioning from cash to digital transactions presents challenges in teaching kids about the value of money.</li>
<li>Encouraging children to work part-time can provide valuable financial skills and experiences.</li>
<li>Understanding new financial tools such as Afterpay and digital banking is essential for today's youth.</li>
<li>Engaging in open, non-judgmental conversations about finances can help mitigate money-related mistakes.</li>
</ul>
Notable Quotes:
<ul>
<li>"One out of one people in the world need to understand and deal with money." &mdash; Pete Burrows</li>
<li>"The earlier you can start [financial education], the better." &mdash; Pete Burrows</li>
<li>"It's a good idea to set up bank accounts for kids to teach them about saving and spending." &mdash; Pete Burrows</li>
<li>"Mistakes are your best resource because you can learn from them." &mdash; Pete Burrows</li>
<li>"You want to keep open conversations&hellip; lean into [money] learning opportunities." &mdash; Pete Burrows</li>
</ul>
&nbsp;
Got a question, comment or personal story to share? Send it through at <a href="https://hope1032.com.au/show/money/">hopepodcasts.com.au</a>. Ben and Pete will get stuck into it on a future episode.
Pete Burrows is an accountant for small business and individuals with <a href="https://www.lrf.com.au/">Lower Russell and Farr</a> in Penrith, Western Sydney, Australia. Ben McEachen hosts <a href="https://hope1032.com.au/programs/hope-mornings/">Hope Mornings on Hope 103.2FM</a> in Sydney, Australia.

Money: Faith & Finance explores the profound and practical of everyday finances. In every episode, we explore the real-life impact of everything from superannuation to stewardship, the World Bank to your wallet – and what does God have to say about money?

Welcome to the profit, loss and real balance sheet of wherever money intersects with you.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Money: Faith &amp; Finance explores the profound and practical of everyday finances. In every episode, we explore the real-life impact of everything from superannuation to stewardship, the World Bank to your wallet – and what does God have to say about money? Welcome to the profit, loss and real balance sheet of wherever money intersects with you.
Pete Burrows is an accountant for small business and individuals with <a href="https://www.lrf.com.au/">Lower Russell and Farr</a> in Penrith, Western Sydney, Australia. Ben McEachen hosts <a href="https://hope1032.com.au/programs/hope-mornings/">Hope Mornings on Hope 103.2FM</a> in Sydney, Australia.

Money: Faith & Finance

Listen to more from our Hope Podcasts collection at hopepodcasts.com.au. And send the team a message via Hope 103.2’s app, Facebook or Instagram.

This podcast is not offering financial or investment advice. It's always best to do your own research and to consult a professional financial or investment advisor before making any financial or investment decisions.

Listen to more from our Hope Podcasts collection at <a href="http://www.hopepodcasts.com.au/">hopepodcasts.com.au</a>. And send the team a message via <a href="https://hope1032.com.au/listen/#apps">Hope 103.2’s app</a>, <a href="https://www.facebook.com/Hope103.2">Facebook</a> or <a href="https://www.instagram.com/sydneyshope1032/">Instagram</a>. This podcast is not offering financial or investment advice. It's always best to do your own research and to consult a professional financial or investment advisor before making any financial or investment decisions.

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