Young Australians will have access to free online education about making financial decisions, including how to open a bank account and plan a budget after getting a first job.

The new Money Managed website was created after the government found that only 11% of teenagers aged 14-17 felt confident managing their money on a basic level, like budgeting or saving.

While this website is valuable, is it time that we perhaps taught these real-world skills at school?

Clairsy & Lisa opened the phones to get some opinions, but also to find out what life skills they wished they’d been taught at school.