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The latest addition to the school curriculum will have kids learning about money.
The Education Minister's making financial literacy a compulsory topic for Years 1-10.
Several financial organisations, banks, and charities have partnered with the Government to deliver lessons on investment and taxes.
Paua Wealth Management CEO Donna Nicolof told Kerre Woodham this is one of the single best initiatives implemented by the government.
Nicolof has taught financial literacy in both Primary and Secondary schools, and she says the earlier children are taught, the better.
She said she’d read some research on breaking the poverty cycle by teaching seven and eight year old children the basic concepts of budgeting and saving, and in her experience, they’re absolutely able to pick this stuff up.
Kids are able to understand concepts like the differences between needs and wants, budgeting, saving, and living within your means – things Nicolof says sets them up to make better decisions in life.
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