FinTalk Fiji

The Ministry of Policing and Communications with the Reserve Bank of Fiji will be conducting public consultation on the draft NID Bill commencing from 27 March 2026. We invite all members of the public and interested parties to participate and share their views on the formulation of the draft NID Bill.

The Ministry of Rural and Maritime Development just expanded its partnership with the RBF🤝, bringing crucial parametric insurance to safeguard livelihoods of those living in rural areas against climate disasters⛈. A game-changer for financial resilience!

There are four main areas of money that children need to learn. From a parent that had to learn the hard way:

1. Work.
Money comes from work, not from other people, the government, or luck. From an early age, our kids need to feel that emotional connection between work and money. Consider paying your kids commissions, instead of allowances. You work, you get paid. You don't work, you don't get paid. It's true for parents, and it should be true for kids.

2. Save.
Teach your kids early on how to save up for purchases. If they learn how (and why) to save up for a toy today, they'll know how (and why) to save up for a car or house tomorrow with no debt.

3. Spend.
Let your kids have some fun with their money and experience the awesome feeling of buying something they want with money they saved. If you keep it all in the moneybox or bank and never let them enjoy it, they'll either grow up into miserable old misers or they'll rebel and become crazy, debt-ridden spenders as adults.

4. Give.
Giving is the most fun you can have with your money. Nothing beats making a waitress's day with a $5 or $10 tip out of the blue. Just make sure your kids give their own money. If you give your child a saqamoli to drop in the offering plate on Sunday morning, he's/she's just a courier for your money. He/She needs to know what it feels like to really give out of his own pocket.

Learning these four areas (especially giving) brings your kids a depth of confidence and character they'll never have otherwise.