Cooking The Books

Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's how to give your kids a good start with money. Hosted by Frances Cook.Family politics is hard enough without bringing money into it. But just because it's hard, doesn't mean you can put it off.For better or worse, most schools don't teach your kids about finances.Money makes the world go round, but somehow our kids are supposed to just figure it out for themselves.Never mind that roughly a third of New Zealanders don't understand compound interest, according to the Commission for Financial Capability.Compound interest is the easiest, laziest, and most reliable way to make money, yet people are missing out because they simply don't know what it is.Making sure kids learn the basics of money is a good starting point. Yet when money is a touchy subject, there are ways of having the conversation that are better than others.Then there's how you should help them out if you have some extra cash.Should yo