17 March 2020
Rebecca Sparrow is a Suncorp Ambassador and a best-selling author, columnist, podcast host and passionate advocate for teenagers. She works closely with Suncorp and Financial Basics Foundation to champion financial literacy for young Australians. As a mother of three children, she understands the importance of talking about money with kids and the value of financial literacy education, both at school and home.
Not so long ago I wanted a rather popular (and expensive) hair straightener. Most of my friends had one and I thought that having one would save me money on hairdresser visits! #winning. But when I went to the official website, the hair straightener I wanted was eye-wateringly expensive and as much as I wanted one, I knew I couldn’t really afford it. So, I did some research online. Within an hour of shopping around I discovered the exact same hair-straightener on sale. By following the Rule of Thumb of Shopping Around – I saved myself over $100.
We’ve all been there.. You’re shopping (whether that’s in a mall or online from your couch) for something, it could be a big-ticket item like a TV, or it could be the weekly groceries or fuel. Easier to save time and just buy it on the spot – right? Wrong! Invest a little more time by shopping around, or better still, do the research before you start shopping and the odds are that you’ll save.
TIP: This is a great tip to share with kids next time you’re shopping. Rather than buy the first one you see – talk about the power of shopping around. Give them some examples of past experiences where you’ve saved money just by doing a little research!
We know it’s one thing to explain a financial concept to children, but demonstrating it with real life behaviours can help them understand it better. We’ve developed these worksheets to provide you with additional activities and practical examples. Get the conversation started with your children by working through these family activities together.
This content includes the views and opinions of a third-party, and does not necessarily reflect the views of Suncorp. Any advice contained in this document has been prepared without taking into account your particular objectives, financial situation or needs. For that reason, before acting on the information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs. The information is intended to be of a general nature only. We do not accept any responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.