If You Could Go Back in Time, Would You Repeat the Same Money Mistakes?

Online financial education innovator Money101 turns 13 this month. To celebrate this milestone, we looked back at the lessons we’ve learned over the years. We invited Aussies from all walks of life to do the same, with a special focus on finances.

Money101’s ‘Money Lessons’ survey revealed that, at our core, we’ve all got pretty similar financial goals. For example, most of our survey respondents put home ownership as a top goal. Car ownership is right up there too – especially for those who grew up in the country!

But the lessons we learn from experience about money are vastly different. It all depends on when and where we grow up, what we learn by watching our parents, and the opportunities or hurdles we have early on in life. Personal lessons shape our values and priorities. Whilst some of our respondents emphasised finding a balance in your lifestyle, others talked about sacrificing everything to build a secure future.

VIEW ‘THE LESSONS YOU LEARN WITH TIME…’

We believe that financial education is the key to empowering every Aussie to make better financial decisions. And financial education takes many forms; sometimes, it means learning from the mistakes of others, and knowing that it’s still worth working towards a wealthy future, even after a setback.

Tags: personal finances, financial education, money management, financial literacy.

Our CEO, Catherine Birchall, is available for further comment.

Further survey data available upon request.