I completely support the effort to raise the level of Australians' financial literacy. As a financial adviser I get to see first-hand the, often large, holes in monetary knowledge in the Australian neighborhood.
Cynics may argue that the financial literacy space really suits the advisory market. From my perspective, the much better the grounding our clients have in monetary ideas, the more efficient and efficient the advisory relationship.
It is said that God made man, man made money and money made man mad. Well it is true that money issues do drive us mad but there is something we can do about that. We need to start changing our money habits and as they say habits become second nature.
Spending Hack #1: Only spend cash.