Knowing they are saving money towards a certain goal will encourage them to spend less and store away more. Uncomfortable as it may feel, this is a good starting point to bring in the importance of making a budget, saving and investing. Avoid the guessing game by teaching them how to budget no matter how little the money they have may seem. Teach them how to fishIf you don’t teach your children how to make money someone else will. You as the parent should create awareness about investing, starting a business and how to make money the right way.

Source: Standard Digital March 29, 2021 07:07 UTC