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729 seeding kid’s super, pocket money, credit card vs. charge card and impact on credit score + more

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CHAPTER

Teaching Kids About Money and Investing in Their Future

The chapter explores the concept of starting children's superannuation accounts early with a seed sum of money to cultivate financial responsibility and provide a foundation for their future financial security. It also delves into teaching kids about money through pocket money and chores, discussing the use of cash versus card payments and instilling financial literacy. Additionally, the chapter addresses practical advice on furnishing a new home within a budget, emphasizing planning, prioritizing expenses, and avoiding unnecessary debt.

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