Kids Money

Kids Money

Research shows declining rates in teenage financial literacy

Well, the research is in and the results speak for themselves. Australian teenagers could do with a hand when it comes to financial literacy.

Read On

 

Schools back hows the budget?

Your kids may be ready for the new term but unfortunately, school expenses don’t stop at the uniform and books.

Read On

 

A different kind of egg for easter

On average, Australians eat around 5kg of chocolate every year*. That’s 30 blocks of Dairy Milk, or 30 Elegant Rabbits if that’s your preference. And if that’s not enough chocolate for you, estimates state that at Easter we increase our weekly consumption by over 50%. Hello, sugar high!

Read On

 

Teaching kids about money

Do your kids think money comes from the ATM? Relax, you’re not alone. In a world where money is becoming more and more invisible, it can be hard for kids to grasp the basic concepts of where money comes from, what you use it for and all the different ways you can ‘spend’, often without any actual cash changing hands. It can also be hard for them to realise that, for most of us, there is a limited amount of money available.  So when is the right time to teach your kids about money, and what do they need to know?

Read On

   

5 reasons to open a savings account for your kids

You may already be putting money aside each week to help pay for your kids’ education, first car or wedding, perhaps all three. So why do they need their own savings account? Here are 5 things to consider.

Read On

 

Is pocket money short changing our kids

Traditionally allowances or ‘pocket money’ have been a way of teaching children about money, but is this the best way?

Read On

 

5 things your kids need to know about money

These modern times can be confusing for our kids when it comes to money. Long gone are the weekly trips to the local branch to do your banking and withdraw cash to see you through until next time. Credit cards, debit cards and internet and mobile banking all mean less physical money changes hands, never mind EFTPOS withdrawals where you appear to be given money with your shopping. Before too long we will all be paying for purchases with our smartphones, so how best to ensure our kids grow up with an appreciation of the stuff that makes the world go around? Here are our top five things to teach your kids about money.

Read On

   

Why choose IMB Bank?

Established in 1880, IMB has been helping people achieve their financial goals for 138 years. IMB offers a full range of banking solutions including home and personal lending, savings and transaction accounts, term deposits, business banking, financial planning and can arrange a wide range of insurance and travel products.

IMB has a growing branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you. IMB members enjoy access to free automated phone and internet banking and a team of professionals who are just a phone call away at our locally based call centre.

Find out more

Bank where and when you like...