Parents are role models for their children. They are responsible for setting their child on the right path. But what about basic money matters? Money-related education should be provided from the secondary school. Small, practical dosages should be given throughout school and college life.
- Making budgeting a family affair
The discipline of saving must be sowed in right from the beginning. Explain to them how to budget money and take their opinion into account. This will help them to get an idea to plan out their own budget in future and will enable to utilise their money in a judicious manner.
Early teachings will lead to better results. This is essential so that your child's future is not marred with any financial hassles