If you want to set your kids up for a strong financial future, teaching them about money early on is key. Bongiorno Group Directors, Vanessa Smith and Nick Fennessy, insist its beneficial to have money conversations as soon as possible, by explaining how money is earned, spent, and saved in simple terms.

Help them understand the difference between wants and needs, and teach them to budget and set savings goals. As parents, it's important to lead by example, modelling good financial habits and being transparent about mistakes. Encourage responsible spending, avoid impulse buying, and discuss the risks of debt. Regular conversations and hands-on learning are crucial. 

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group, the preferred tax and accounting partner for the Australian Medical Association Victoria.  

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/ 

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