Kids and money

Barefoot’s Money Movement

Do you want me to come to your school … and teach your kids about money? Well, if you’re a teacher, a parent or a principal, this may be the most important column of mine you’ve ever read. For years I’ve been saying this country needs a financial revolution …...

Banking

A Pig Gave me a Fridge Magnet!

The other day my son came home and announced he’d received a ‘present’ … from a stranger at the local park. “A pig gave me a fridge magnet!” he squealed (as only a five-year-old can). His younger brother picked up on the excitement and lunged for the prize. And then...

My dirty boys weekend

I’m back! I spent the school holidays roughing it. (No, really.) I went on a father and sons trip, camped out in a national park and let the kids range free. The boys climbed trees, fell out of trees, and ate damper on sticks that weren’t first thoroughly disinfected with...

Kids and money

25 days of disappointment

Let me tell you about how, a few years ago, I created a family Christmas tradition … … which has caused me nothing but stress, and given my kids 25 days of disappointment. It began one day in Aldi, as disappointment often does. I had the choice between buying an...

Banking

When the Bank of Mum and Dad Goes Bad

Can you remember when you got your first credit card? Mine was automatically bundled into my NAB student banking package when I went to university. At the time NAB said it was a smart idea for students to have access to a ‘low-rate credit card’ for ‘emergencies’ (like bar night)....

Kids and money

The revolution starts with you

The Commonwealth Bank is under fire (again). This time it’s because CHOICE magazine called for the CBA’s Dollarmites school banking program to be banned. (For the record, I’ve been banging on about this issue for the best part of a decade, including two years ago when I fronted a Senate...

Family and legacy

What Motivates Me

When I was younger, I was motivated by trying to attract women (largely unsuccessfully, but that’s another story). That was a long time ago. These days, I’m a dad, and my motivations have changed. It does have an upside though, I now get to wear the same jumper and chino...

Kids and money

Parents, You’re Doing it Wrong

When I was fifteen I would sit in English class and read the Financial Review. (This, of course, made me wildly popular with the ladies.) Looking back on it I was always going to become the Barefoot Investor: I started working when I was in primary school (for coins!), and...

Kids and money

Schools sell out their kids for cash

Let me give you a window into my Wednesdays …. Every Wednesday, I’m just one of the girls. That’s because I do the pick-up for my son at kindy. All the mothers come in wearing Lorna Jane activewear with their hair pulled back in ponytails. “Are you in between jobs?”...

Kids and money

How Not to Raise a Spoilt Brat

Recently, I received the following email: “Hello Scott, We’re a PR firm representing a toothpaste company. We’ve commissioned some research on how much Aussie kids get from the Tooth Fairy. Can we pay you to comment on the research for our press release?” “No” was my firm answer. I mean,...

Family and legacy

How Much Does it Cost to Have a Baby?

About four years ago, my wife entered our living room waving a pregnancy stick above her head like she was Mitchell Johnson triumphantly screaming HOWZAT! at the umpire. “We’re pregnant!” she cheered. I was like a defiant Indian batsman disputing the inside edge. “Give me a look.” We both stared...

Family and legacy

Who taught you about money?

Right now I’m on holidays with my family in Bali. The last time Liz and I were here, we were newlyweds without a care in the world. I’d romantically feed her strawberries and we’d laze by the pool, armed only with our bathers, towels and a frosty beer. “Tapas?” Liz...