Changing environment, learning new language and new culture,being a wife and a mother, living far away from families and friends, I have come to share my views, thoughts, feelings, ideas on so many things that I cherish.

February 07, 2013

Sharing Strategies With Children

You can develop fiscally responsible adults by starting when they are small. While managing your family's finances, teach your young one too. You don't want your children to repeat the mistakes that you made. 
Here are some age-appropriate ways to pass on financial lessons:

Pay bills together. Let them sit down with you when you are balancing your chequebook so they will understand that money comes in, but you have bills to pay. And sign them up if possible for programs focused on economics and financial camps and workshops such as those offered by World of Money or Creative Wealth International.

Get them involved. Give the child a job and have them look for scholarships. Web sites such as  and are a good place to start.

Discuss finances. Share information with trusted adult children. This  will make it easier for them to take over if they have to, and lets them recognise what they are doing today to improve upon their parents' experience.

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