I firmly believe that if we’d been taught more about investing and basic money management in high school (and younger!) my generation wouldn’t have some of the financial troubles that they do. I was lucky enough to have parents who taught me those lessons at home, but many of my friends weren’t so lucky. I don’t think much has changed for our own children. The schools just don’t have the time or resources to focus on basic money skills so it’s up to us as parents to educate our children.
We have to teach by example. If our children see us spending money on credit cards they think that the little plastic card is all you need to get your hearts desire. We need to show them that the little plastic card produces a bill each month that must be paid. Pay it in full so they can learn the habit early.
Some people are hesitant (or refuse) to involve their children in their financial affairs. Up to a certain age I would agree. But at some point you need to involve your children at least a little bit so they can learn the process of money management and it will help keep you accountable for your actions. Having to explain your frivolous...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
