UPDATE! LLL has introduced a new security requirement for all LLL Internet Banking users. All users are now required to update their login password to a password with increased complexity.
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There are so many kids’ savings accounts on the market it can be difficult to wade through all the options; the LLL has made a list of some of the top features and the traps to look for when starting your child on their savings journey. No fees and charges...
Read more about What to look for in an online kids’ savings account
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Teaching children about money is an important aspect of their upbringing; understanding how money is earned, saved and spent is a fundamental skill for a child to be able to successfully manage their own funds later in life. No matter the age, giving children life experience with money is vital...
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Pocket money can be a fun and rewarding way for children to learn about money, how it is earned, spent, saved and invested. And there are lots of life lessons thrown into the mix along the way. Whether you choose to give regular pocket money to help your child to...
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With end of year exams about to start, Year 12 students across the country will be considering what the future holds, whether that be progressing to university, joining the workforce or taking a gap year. Whatever pathway students ultimately take, it is important for them to have a solid foundation...
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When you look at your purse or wallet, does it bulge with loyalty cards, gift cards, debit cards and credit cards? It seems that every time you sign up to a new membership or reward program these days you get another card to add to your collection of plastic. Here...
Read more about No debit card, no worries. The benefits of targeted saving.
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Financial independence and a world of choices and opportunities await you… but before you splurge all your money like one of those ‘minute to win it’ shopping competitions lets chat about how can you set yourself up to be in the best financial position so that you can achieve your...
Read more about You’ve landed your first job, woohoo, nailed it!
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Now what? When you were growing up, you undoubtedly got your hands on tangible cash pretty often. In an increasingly cashless society, it’s easy to forget that children haven’t - and probably won’t. Children may miss out on learning the shape, size and texture of real money. Teaching them about...
Read more about So you’ve opened a children’s savings account … Congrats!
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In recent times, interest in miniature supermarket figurines has surged. Before your child loses interest in their novelty, how about turning the collectible craze into an educational game? Such as: grab a supermarket catalogue and let your child find the equivalent to the miniature product in the pages, and write...
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Do you have a savings goal? We all know we should save, but this is very difficult when we don’t have a specific goal, and things keep coming up. You know, the car breaks down, the kids need new school uniforms, there’s a great sale on wine... The important thing...
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We are using cash less than ever. When we actually need cash, it’s annoying. Think parking meters, pocket money, and $10 EFTPOS minimums...!! Of course the digital economy is ‘the way the world is’ now, but it’s putting our kids behind. Last week a survey was released that showed high...
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In today’s world of electronic payments and internet banking, it is difficult to teach children the value of money. When you’re at the shops, how often do you pay with actual cash? Australians only use cash for 37% of purchases, mainly for goods costing under $10. Our kids have learned...
