Join our mailing list to stay informed!
Posted by Revive Financial on Jun 30, 2018 11:55:00 AM

Almost 70% of Australians are Dealing with a Personal Financial Struggle

The Mission Australia 2012 Youth Survey spoke to 15,351 people aged 15 to 19 and asked them about their concerns, values, support systems and activities. Almost one third of respondents rated the economy and financial matters as the most important issue in Australia today. Many young people expressed concerns their parents couldn’t afford basic living items.

Personal debt management company Revive Financial helps people deal with their debts on a day-to-day basis. Brett Gavin, Debt Relief expert and General Manager of Revive Financial said that debt is more common than people assume.

“Children aren’t taught any money management skills at school, instead these essential life skills are being picked up at home from watching mum and dad deal with their money,” he said.

“As children grow into young adults, they notice their parents making sacrifices in order to make ends meet, which can be distressing for people that age.”

While it is good for young people to know mismanaging their finances can get them into trouble, it shouldn’t take you, leading by example, to show them. The report also showed over half of the youth surveyed highly valued financial security, which means they are open to learning proper money management skills. Fortunately, kids are fast learners and the younger you start developing their financial literacy skills, the better.

“They need financial information layered up each year in an age appropriate way, the same way the Life Education program does such an excellent job educating kids about health and how to make better choices,” Mr Gavin said

“It is no good teaching kids about money when they are 15 and have their first job.”

“It makes kids appreciate mum and dad more, but until they develop higher level money management skills than just living hand to mouth, they are in for some hard, and expensive, lessons,” he said.

Brett recommends from around age seven, or earlier, children should know the different uses and needs for money. The money we need to spend each day, like bus money; the money we need to save over a short time for a holiday or new toy; the money we give to others in need and the money we grow to save for big things like a house or car.


Parents, Educators and Financial Services Professionals have a Responsibility to Teach Children:

  • Money is a part of everyday life and is unavoidable
  • Developing good money skills & habits can happen from a very young age
  • Modelling responsible money attitudes and behaviours will teach our children more than giving them everything!
  • It makes no difference what you earn… it’s what you do with it that counts!

For more information on managing your debts enquire online or call us on 1800 534 534.

Topics: Research, Personal Debt

How Can We Assist You Today?

Personal Debt Icon Personal
Business Debt Icon Business
Please select an assistance option to continue.

Types Of Unsecured Debts

Credit Card Icon Credit/Store Cards
Personal Loan Icon Personal Loan
Pay Day Loan Icon Pay Day Loan
Tax Debt Icon Tax Debt
Disconnected Utilities Icon Utility Bill
Other Debts Icon Other
Please select at least one type of unsecured debt.

Your Business Structure

Sole Trader Icon Sole Trader
Partnership Icon Partnership
Company Icon Pty Ltd Company
Tax Debt Icon Trust
Please select at business structure to continue.

Unsecured Debt Amount


Business Debt Amount


Take Back Control Today!

First Name

Last Name


Phone Number

Phone number must be 10-digits long and begin with a 0. (e.g. 04 1234 5678)

Post Code

Post code must be 4-digits long (e.g. 4567)

Some of your details appear incorrect.
Please update the highlighted fields and re-submit.


You’ve taken the first step to steer your business back to viability

Let’s keep the momentum going, take the second step by linking your Xero account now.


You've taken the first step to becoming debt free

Let's keep the momentum going, take the second step now and complete the assessment form.

By submitting this form you acknowledge that you have read and accept our Privacy Policy