Supporting Your Child's Journey to Work
Your child is learning essential life skills about work, money, and wellbeing. Here's how you can support their learning and help them succeed.
Many young Australians start their first job without understanding their rights, tax obligations, or how to manage money. This can lead to:
- •Being underpaid or exploited by employers
- •Missing out on superannuation contributions
- •Tax problems from not understanding obligations
- •Financial stress from poor money management
- •Mental health struggles without proper support
This hub provides accurate, age-appropriate information to help your child navigate these challenges confidently.
How You Can Support Their Learning
Discuss money, work, and responsibilities before your child gets their first job. Use everyday moments like shopping or paying bills as teaching opportunities.
Go through the modules with your child. This shows you're interested in their learning and gives you opportunities to share your own experiences.
Work with your child to set savings goals. Whether it's for a phone, car, or future education, having goals makes financial planning meaningful.
Starting work can be stressful. Check in regularly about how they're feeling and watch for signs of anxiety or overwhelm.
What Your Child Is Learning
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Help them apply for a TFN online through the ATO website. Keep their TFN safe and remind them never to share it unnecessarily.
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Consider helping them choose a super fund with low fees. Discuss the power of compound interest over 40+ years.
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Encourage them to keep records of hours worked. If they face issues, help them contact Fair Work or seek advice.
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Consider matching their savings or helping them open a savings account. Model good financial habits yourself.
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Create an open environment where they feel comfortable discussing struggles. Know the warning signs of anxiety and depression.