Bulk buying always saves you money: It is true that unit price of bulk buys will always be cheaper. But the temptation of saving a huge amount with bulk buys usually lures one to purchase more than what is required. If you ultimately do not use what you purchase, then where is the saving?
The Financial Planning Association (FPA) has acknowledged that its program for raising the financial literacy of Australian students, DollarSmart, needs more industry support. [...] Rebecca Murray, FPA general manager of marketing and membership [...] acknowledged that not all schools have taken up the FPA’s offer for planners to teach financial literacy in the classrooms, despite it running since 2003.
- Dollarsmart Needs More Support, via http://www.moneymanagement.com.au/
What is Dollarsmart you ask? The FPA say ‘Dollarsmart is A financial toolkit for young Australians’ that examines six key aspects of financial literacy : planning, budgeting, saving & investing, credit & debt, insurance and finally study & work. This is an amazing free resource aimed at Australians available as a series of PDFs, a complete workbook in PDF or you can even order it on a CD.
An ‘expert’ in Chicago says teens as young as 16 years of age should be given the chance to charge (i.e. to have their own credit card.) Surely this is a joke? Sadly no, it is a story from Fox News in Chicago.
What the, Fox?
The smart people over at the Children’s Television Workshop (you know them – the home of Sesame Street) have created a special show you can watch online that helps explain tough economic times to kids.
The official description : “hour long television special hosted by Al Roker, Deborah Roberts and Elmo, with financial expert, Jean Chatzky, and clinical psychologist, Joshua Coleman, to help families with children, ages two to eight, experiencing difficult economic challenges.”
Sesame Street: Families Stand Together
As I commented over on Lifehacker Australia – “Deploy the Muppets†indeed! It really is very important to talk to kids about these situations – keeping them in the dark isn’t really possible (they’re kinda smart 
better to have an open and frank discussion about your financial situation. This video looks to be a brilliant ice-breaker to get the talk happening in your home. Way to go Children’s Television Workshop.
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