How much do our parents' money habits shape our own financial behaviour? Turns out, quite a lot. In this episode, host Lee Kim Siang sits down with Audrey Tan, co-founder of PlayMoolah, a financial education company, to talk about how the money narratives we inherit hold us back from achieving our financial goals. Plus, we hear from Edwin Ooi, senior financial advisory specialist at MoneySmart, about the shocking results from their recent survey.

Synopsis: Every first, third and fifth Monday of the month, The Business Times breaks down useful financial tips.

Highlights of the conversation:

01:59 What are money narratives?

03:55 How our parents influence our financial habits

07:18 Breaking the intergenerational cycle

09:49 How to teach our kids about money

Find out more: https://www.moneysmart.sg/credit-cards/how-parents-influence-our-financial-habits-ms

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Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. We’ll look into it for future episodes.

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Hosted by: Lee Kim Siang (kimsiang@sph.com.sg)

With Edwin Ooi, senior financial advisory specialist, MoneySmart; and Audrey Tan, co-founder, PlayMoolah

Edited by: Emily Liu & Claressa Monteiro

Produced by: Emily Liu

Engineered by: Joann Chai Pei Chieh

A podcast by BT Podcasts, The Business Times, SPH Media

Follow BT Money Hacks podcasts every first, third and fifth Monday of the month:

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Website: bt.sg/moneyhacks

Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

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S1E170: Are you repeating your parents’ bad money habits? BT Money Hacks (Ep 170)

BT Money Hacks

S1E170: Are you repeating your parents’ bad money habits? BT Money Hacks (Ep 170)