The value of money
15 August 2008
If they don’t get into a savings habit how can you persuade them to put money aside for their future?
We live in a ‘must have it now’ age and even though our younger generation maybe more savvy with technology and able to get financial information at their fingertips their levels of debt are increasing at an unprecedented rate. Talking to kids about money in an open and frank way from an early age should help them get a head-start, hopefully avoiding debt where they can.
Learning about money can be great fun too. Teaching children at a young age about money will go a long way to make sure that their financial future is as secure as it possible can be.
Many financial problems in later life are usually down to never properly learning how to handle money. If the ‘bank of Mum and Dad’ provides everything they need they’ll be less inclined to work hard and earn money for themselves.
