Helping your kids with money can backfire

Helping the next generation build financial confidence starts with teaching good money habits, not simply providing financial support. While many parents want to help their children achieve important milestones, timing and strategy are key. Providing too much too early can sometimes create dependency rather than independence. A thoughtful approach may involve supporting children as they build strong financial foundations, develop responsible habits, and make informed decisions. For many young Australians, getting onto the property ladder is one of the biggest challenges, and strategic planning can help create opportunities without removing the value of earning and saving. The goal is not just to give wealth, but to help the next generation understand, manage, and grow it. Financial support works best when it encourages confidence, responsibility, and long-term success. General advice only. Consortium Private Wealth AFSL 495401

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Robert Goudie is an Authorised Representative (No. 235974) of AFSL 495401.