We all want the best for our children. That doesn’t necessarily mean you want them to have the best but you want them to make the best decisions. One of the key lessons that will have an enormous impact for the rest of their lives - is the lesson about money. The earlier they learn financial literacy, the greater the long-term impact. But how do you cultivate financial independence in your children? When is the best time to start? Licensed Insolvency Trustee, Francyne Myers (and mother of 2 teenagers) shares her experiences and gives her advice. 

She covers these topics and more in this podcast:

• How to teach your children to save 
• Tactile experience of young kids handling money and having their own allowance
• High standards set by social media
• When they should start paying for their own car, gas, phone
• The art of switching from being a parent to being a consultant in your grown child’s life

Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of financial management. With their knowledge and expertise you can be assured they will give you the best unbiased advice.

About Francyne Myers

In 2012, Francyne left her 23 year public service career and joined Allan Marshall & Associates where she completed her education and became a Licensed Insolvency Trustee in 2013. Alongside with her work she is actively involved in her local Trustee Association. In her spare time Francyne can be found fishing and spending time with her family.

Additional Resources

• Allan Marshall & Associates Licensed Insolvency Trustee
• Stick to a Christmas Budget When Buying Gifts for Your Kids
• How to Teach Kids Money Management at Home

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