 | Welcome to this week's edition of Smart Investing.
October is a busy month in the United States in the context of educating children about money, with National Transfer Money to Your Daughter Day on Friday the 6th and National Transfer Money to Your Son Day on Friday the 13th.
Both designated days fall on the same date every year and are designed for parents to teach their children about money. What a great idea. Even transferring small amounts of money to children can help to improve their financial literacy, to educate and empower them about managing their finances, and to give them a head start in investing.
This week we focus on the importance of teaching children about the value of money from an early age. We also explain how parents can provide an enduring and powerful investment gift to their children that has the potential to set them up financially for life.
Lastly, we begin a four-part series on budgeting methods that can be used to help improve your chances of long-term financial success. First, we look at the envelopes method and the psychology behind it.
| | | | | Teaching children about the value of money | | Transferring money to children can be one of the most valuable financial steps parents can take. | | Read article | | | | | | | An investment gift for growing children | | Investing for your kids is a long-lasting investment in their future. | | Read article | | | | | | | How to budget using the envelope method | | Here's five simple steps to create a budget that doesn't involve tracking every expense. | | Read article | | | | | | | Does currency hedging give an edge? | | The ongoing effect of currency movements on international assets are often overlooked by investors. | | Read article | | | | | | | The benefits and risks of collectable super assets | | While owning collectable and personal use assets inside a SMSF may sound appealing, there's a big catch. | | Read article | | | | Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.
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