Paul Clitheroe

The two-year-old would just suck on a $20 note.

But the seven-year-old was so thrilled to get this strange thing called $20 note.

And she's scurried off to a bank and very carefully put her, physically gone to the bank with a $20 note.

And you need a bit of time to do this.

She's put a $20 into her savings account.

She's getting a kid's rate of interest.

And she does look online because she's got some sort of 5% bonus kid saver account.

Her $20 plus some other birthday and Christmas money, it's growing in value each month.

And one of the things she likes to do is look at her app to see how much she's made.

And so it sounds like a silly example, but money is no longer real for this generation.

Teachers are going to struggle to do this.

We parents and grandparents need to make money real for kids.

And the other thing we've got to do is we've got to get over ourselves.

Money is still a bit of a taboo subject in the family home.

And whether you're good or bad with money, sharing age...

age-appropriate experience with your kids is invaluable.

I have many kids who email me a money magazine.

Many of them start with, my mum and dad were not good with money, but I understood and learned from this.

And as a result, so if you're finding money a bit tough, don't frighten your kids for heaven's sake.

But we're not good at having transparent conversations at the right time in age-appropriate – no point telling a two-year-old – in age-appropriate language.