All of us have heard our parents exhorting us to save. They tell us to save for the future, for the unknown, and for our own good. They have seen a tough life in the olden days when jobs were tough to get and keep. Incomes were far too low while expenses remained high and most of the country was poor, requiring frugality and tight-fisted choices. But is it fair to drown our young with our tales of caution and drive their investments in a context they don’t understand?
As a parent, we always want the best for our children. This doesn’t necessarily mean we want them to have the best clothes, toys or coolest games. It means we want them to be safe and secure. We want to pass on the good values on how to earn money. And you want to lay a foundation that they can build upon to do well in life. The article looks at how you can about teaching your children a foundation lesson that will impact their lives and future. Lessons on finance and managing money.
Children are the most important part of any society. As parents, we have a responsibility to teach them many things in life including money management. We also need to enlighten them on finances so that they have good money habits when they grow up. Giving kids pocket money is one way to inculcate good money habits with children. The article looks at understanding how we can achieve this
