Ask Sherrin Blog

Should Financial Literacy be the responsibility of schools or should the principles of good money management be learned from parents to avoid young people creating debt with mobile phone bills and later credit cards?

Financial Literacy and many aspects of accounting and budgeting are currently taught in high schools across Australia but do you think it is the responsibility of the schools to provide adolescents with the principles of good money management or is that the responsibility of families? Sherrin discusses some key principles like a) spend less than you earn and b) always put away a consistent amount from your weekly earnings – even pocket money to teach and learn the habit of saving for later life. Sherrin says that children need to be exposed to a repeated plan that allows children to repeatedly deal with money rather than just attending an in-school talk from a visiting expert. Listen to the podcast to hear more of the interview with Sherrin from Fruition Tuition and Greg Cary from 4BC Greg Cary Morning Show. You can listen to Sherrin and Greg most Tuesdays at approximately 10:45 am on AM 1116.

Dowload the show here: Sherrin on 4BC 24-08-10 .mp3

Related Links:

Maths lessons to manage mobiles under Labor plan to teach kids financial literacy - News.com.au